Today, Nifty & Bank Nifty opened, gapped up. Then both the Indices traded in a small range and later near 2:00 pm both again moved higher & ended the session in green with over 1% gain.
Above 17900 bulls are stronger and can take Nifty towards 18200/18350 levels. On the upside, the 18070 is the level where Nifty may face some resistance.
Bank Nifty is also stronger until trading above 37900 level. But on the higher side, 38600-700 is an important resistance zone, and the price action over that zone will play a vital role.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 18020 to move towards 18050/18090/18140/18200.
On the lower side, the Gann support level is 17960; below that Index can move towards 17930/17890/17840/17780.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 38450 to move towards 38600/38800/39050.
On the lower side, the Gann support level is 38150; below that Bank Nifty Index can move towards 38000/37800/37550.
Note: The above levels are for educational purposes only, not Buy/Sell advice.