Today both indices opened a gap down. Then after consolidation, both indices went up and closed in the green.
The bears have the upper hand until the Nifty is below the 16510-550 zone. Then, on the downside, the 16370 is the support.
Bank Nifty bulls must break and sustain above 35350 to move towards 35600/36000 levels. On the downside, the 34950-900 zone is the support.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16530 to move towards 16580/16640/16710/16790.
On the lower side, the Gann support level is 16430; below that Index can move towards 16380/16320/16250/16170.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 35250 to move towards 35400/35600/35850.
On the lower side, the Gann support level is 34950; below that Bank Nifty Index can move towards 34800/34600/34350.
Note: The above levels are for educational purposes. Not a Buy/Sell advice.
