Today both the indices opened gap-up precisely at the Gann square resistance level. Then, both the indices started moving downwards and ended the session in red.
Bears have the upper hand until Nifty trades below 17290-350 zone.
And bulls need to protect the 17220-190 zone for a comeback. If bulls fail to do so, Nifty can again move towards 17100/16940 levels.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17300 to move towards 17340/17390/17450/17520.
On the lower side, the Gann support level is 17190; below that Index can move towards 17150/17100/17040/16970.
Below 36250-350 zone Bank Nifty bears are in a strong position.
And bulls need to protect the 36100-50 zone for recovery. And if bulls fail to do so, the Bank Index can move down towards 35800/35400 levels.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 36350 to move towards 36500/36700/36950.
On the lower side, the Gann support level is 36050; below that Bank Nifty Index can move towards 35900/35700/35450.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
