Today, Nifty & Bank Nifty opened with a gap down. Then, after some consolidation, both again moved more down and ended the session in the red.
The 17860-840 zone is crucial for the Nifty 50 Index. If bulls fail to protect that zone, more decline can happen. On the upside, the 17990 & 18100 are the resistance levels.
The 38260-350 is an important resistance zone for the Bank Nifty. The Index can move higher if the bulls break & hold above that zone. On the downside, 37900 is the support.
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Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 18005 to move towards 18045/18095/18155/18225.
On the lower side, the Gann support level is 17925; below that Index can move towards 17885/17835/17775/17705.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 38200 to move towards 38350/38550/38800.
On the lower side, the Gann support level is 37850; below that Bank Nifty Index can move towards 37700/37500/37250.
Note: The above levels are for educational purposes only, not Buy/Sell advice.