On Monday, both indices opened gap-down. Then after consolidation, both indices moved higher and ended the session on a flat note.
Until the Nifty is holding the 16880-800 zone, bulls are in a safe position for an upside move. On the higher side, 17100-120 will act as resistance.
Bank Nifty bulls need to break and sustain above 36300-400 zone for upside. On the downside, the 35900-800 zone is the support.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17050 to move towards 17090/17140/17200/17270.
On the lower side, the Gann support level is 16960; below that Index can move towards 16920/16870/16810/16740.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 36200 to move towards 36350/36550/36800.
On the lower side, the Gann support level is 35800; below that Bank Nifty Index can move towards 35650/35450/35200.
Note: The above levels are for educational purposes only, not Buy/Sell advice.