Nifty and Bank Nifty opened the gap-up today and closed with a 1% gain.
Nifty bulls need to break and sustain above the 17740 for the move towards 17790/17850 to regain momentum. On the downside, 17600 is a crucial support.
The 37300 is the crucial support zone for Bank Nifty. Until Bank Index is holding that, it can again jump back towards 38150/38500 levels. On the upside, the 37850-900 zone is the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17740 to move towards 17770/17810/17860/17920 levels.
On the lower side, the Gann support level is 17670; below that Index can move towards 17640/17600/17550/17490.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 37850 to move towards 38000/38200/38450.
On the lower side, the Gann support level is 37550; below that Bank Nifty Index can move towards 37400/37200/36950 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.