Indices took a Strong leap from the Gann Square level & Closed in the green 

Today both the indices opened with a mild gap-down. Then both continued to move down and made the low precisely at the Gann Square level. And from that low, both started moving upwards and ended the session in green with 1% gains. 

Gann Angle line Nifty
Today, Nifty made the low precisely at the black Gann angle line, which is a positive sign. And until Nifty is trading above that angled line, bulls are strong.

Nifty bulls need to hold the 17290-250 zone for further upside towards 17400/17530 levels. 

And if bulls fail to hold the 17290-17250 zone, then bears will get the upper hands. And in that case, Nifty can show the lower levels of 17190/17100/17000.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17360 to move towards 17400/17450/17510/17580.

On the lower side, the Gann support level is 17290; below that Index can move towards 17250/17200/17140/17070.

Gann Angle line Bank Nifty
Today Bank Nifty made low precisely at the blue Gann angle line and jumped 1000 points.

Bank Nifty closed slightly positive today. And until it’s holding the 36270-200 zone, it can move higher towards 36500/36790/37100 levels. 

And if it fails to hold the 36270-200 zone, then bears will get the upper hand. And in that case, Bank Nifty can show the lower levels of 36050/35800/35500.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36500 to move towards 36650/36850/37100.

On the lower side, the Gann support level is 36200; below that Bank Nifty Index can move towards 36050/35850/35600.

Note: The above levels are for educational purposes only, 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.