Today both indices opened gap-up and faced the resistance exactly from the levels (15850/33800), which we discussed in yesterday’s analysis. Then, both indexes fell over 3% and closed in the red.
The 15300 is an important level for the Nifty, and if it breaks & sustains below that, it can fall towards 14900/14600 levels. On the higher side, a close above 15850 will strengthen the bulls.
The 32032-31900 is a crucial zone for the Bank Nifty Index. And if it breaks and holds below that, then it can fall towards 31400/30800 levels. On the higher side, a close above 33100 will strengthen the bulls.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 15460 to move towards 15520/15600/15700/15850.
On the lower side, the Gann support level is 15300; below that Index can move towards 15240/15160/15060/14900.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 32800 to move towards 33100/33600/34200.
On the lower side, the Gann support level is 32200; below that Bank Nifty Index can move towards 31900/31400/30800.
Note: The above levels are for educational purposes. Not a Buy/Sell advice.
