Nifty & Bank Nifty Expiry Levels for January Month Expiry

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.

crucial zone for the Nifty

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.

crucial zone for the Bank Nifty

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.

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.