Trade Set-Up for 23 September: A Big-Bang MOVE is Around the Corner

Today both indices opened gap-down, and after that, both moved further downward. Then, later around 1:00 pm, both took the support from Gann Square level and jumped up. But still, both indexes closed in the red. 

The 17510-490 zone will play a crucial role tomorrow in deciding the intraday trend. If Nifty sustains below that, then it may head lower. And on the higher side, the 17690-700 area is the resistance.

The Bank Nifty range is a wider ๐Ÿ’๐ŸŽ๐Ÿ๐ŸŽ๐ŸŽ-๐Ÿ’๐Ÿ๐ŸŽ๐ŸŽ๐ŸŽ zone. Either side holding will play a vital role for the next few sessions.

deciding the intraday trend of nifty

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17690 to move towards 17730/17780/17840/17910.

On the lower side, the Gann support level is 17590; below that Index can move towards 17550/17500/17440/17370.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 40700 to move towards 40850/41050/41300.

On the lower side, the Gann support level is 40350; below that Bank Nifty Index can move towards 40200/40000/39750.

Note: The above levels are for educational purposes. 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.