Nifty Bank Nifty Gann Analysis for 18th November

Both indices opened today down. After that, on the lower side, both found support at SOC levels, moved upwards, and encountered resistance at the levels we discussed yesterday. And then, both indices fell again and closed in the red.

Tomorrow, Nifty’s intraday trend will be decided by the 18310-300 zone, while 17390 will act as resistance.

The 42550-600 zone will be a critical resistance level for Bank Nifty. On the lower side, support is at the 42250-200 zone.

encountered resistance at the soc levels

Nifty Intraday Gann levels

A break & hold above 18390 will help Nifty bulls move towards 18430/18480/18540/18610.

The Gann support level is 18300; below that, the Index can move toward 18260/18210/18150/18080.

Bank Nifty encountered resistance at the

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 42600 to move towards 42750/42950/43200.

On the lower side, the Gann support level is 42250; below that Bank Nifty Index can move towards 42100/41900/41650.

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.