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 𝟒𝟎𝟐𝟎𝟎-𝟒𝟏𝟎𝟎𝟎 zone. Either side holding will play a vital role for the next few sessions.
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.