Today both indices opened with a gap up, and after some upside move, both faced resistance at the Gann square level. Then from there, both fell and closed on a flat note.
The 16220-180 zone is a crucial support for the Nifty 50 index. And tomorrow, if it breaks and sustains below that zone, then it can again move lower towards 16050/15900 levels. And on the higher side, the 16355-400 zone can act as a strong resistance.
The 34030-33990 is a crucial support for Bank Nifty. And tomorrow, if it breaks and sustains below that zone, then it can again move lower towards 33800/33400 levels. And on the higher side, the 34350-500 zone will act as the resistance.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16310 to move towards 16350/16400/16460/15990.
On the lower side, the Gann support level is 16210; below that Index can move towards 16170/16120/16060/15990.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 34370 to move towards 34520/34720/34970.
On the lower side, the Gann support level is 34000; below that Bank Nifty Index can move towards 33850/33650/33400.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
