Today’s levels performed well for both Nifty & Bank Nifty.
Bank Nifty moved higher today but later gave up the gains. Today’s high was near the crucial Gann angle level, which acted as the resistance.
The 32500-700 zone is crucial for Bank Index, and a close above the 33050-33200 zone can trigger upside for the next week.
Yesterday close above 14800 did its job, and today, Nifty made 14984 high.
From 14459.50 low Nifty 50, Index is rising by taking support from steep angle line. We have seen the rise against steep angle don’t remain intact for too long in the past.
Also, today Nifty corrected from the exact ‘SQUARE’ zone.
It corrected 120 points from the Square zone, so tomorrow, the yellow zone will be crucial for bulls on the higher side.
On the lower side, the 14700-750 range is important for more upside.
Nifty Intraday Trading Levels
Nifty bulls need to break & sustain above 14900 to move towards 14940/14990/15080 levels for tomorrow’s session.
On the lower side, the Gann support level is 14790 below that Index can move towards 14740/14690/14610 levels.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 33070 to move towards 33200/33350/33700 levels for tomorrow’s session.
On the lower side, the Gann support level is 32700 below that Bank Index can move towards 32550/32400/32050 levels.
Note: The above levels are for educational purposes only, Not a Buy/Sell advice.