Today both indices opened down, but soon both bounced back. Then around 10:30 am, both faced resistance from the Gann square level & dropped back again and closed in the red.
In Nifty, the 17450-460 zone will play an important role. And on the higher side, the 17560 & 17690 will act as resistance.
The 38900-700 range is a crucial support for Bank Nifty. And on the higher side, 39450 will be an important resistance.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17560 to move towards 17600/17650/17710/17780.
On the lower side, the Gann support level is 17460; below that Index can move towards 17420/17370/17310/17240.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 39450 to move towards 39600/39800/40050.
On the lower side, the Gann support level is 39100; below that Bank Nifty Index can move towards 38950/38750/38500.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
