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 the red.
Bears have the upper hand until the Nifty trades below the 17290-350 zone. And bulls need to protect the 17220-190 zone for a comeback. If bulls fail to do so, the 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 the 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.
