Nifty and Bank Nifty both ended flat. We were expecting a downside move today, and that did not happen.
But today’s upside move is not convincing as Nifty didn’t sustain above the 17425-430 zone, and Bank Nifty made exact high on the Gann Angle line.
The 17425-430 is a crucial zone for the Nifty 50 Index. A close or holding above that will drive Index towards 17480/17560 levels.
Bank Nifty held in a 36200-36900 range. Either side breakout (withholding) of the range will decide the trend.
Nifty Intraday Levels
Nifty bulls need to break & sustain above 17400 to move towards 17430/17470/17520 levels.
On the lower side, the Gann support level is 17330; below that Index can move towards 17300/17260/17210.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 36800 to move towards 36900/37050/37250.
On the lower side, the Gann support level is 36500; below that Bank Nifty Index can move towards 36400/36250/36050 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
