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.
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, the 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.
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.
