Yesterday Nifty & Bank Nifty opened with a gap down. But both ended the session in the green—nifty ended with 0.75% & Bank Nifty with 2% gains.
Bears have the upper hand until Nifty is trading below the 17300-450 zone. Then, on the downside, the 17200-180 zone is the support.
The 37970-38050 is a crucial zone for the Bank Nifty. If the Index breaks & holds above that zone, it can move higher. On the upside, the 37050-37200 zone is the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17310 to move towards 17350/17400/17460/17530.
On the lower side, the Gann support level is 17230; below that Index can move towards 17190/17140/17080/17010.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 37900 to move towards 38050/38250/38500.
On the lower side, the Gann support level is 37550; below that Bank Nifty Index can move towards 37400/37200/36950.
Note: The above levels are for educational purposes only, not Buy/Sell advice.