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Nifty Bank Nifty Gann Analysis for 02 September

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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.

crucial support for Nifty

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.

crucial support for Bank Nifty

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.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.