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Nifty Bank Nifty Trade Plan for Wednesday

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The big move happened today, as we were expecting, the same we discussed in yesterday’s analysis.

By holding 34800 Gann level Bank Nifty has rallied nearly 1000 points.

Now to keep this bullish momentum Bank Nifty needs to hold the 35500-400 zone. On the higher side, 36050 and 36300 are the resistance levels.

Nifty has also rallied nearly 300 points from the 16350-380 Gann support zone. And now bulls need to hold the 16525-500 zone for further upside. On the higher side, 16670 and 16745 are the important Gann resistance levels.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 16670 to move towards 16700/16740/16790 levels.

On the lower side, the Gann support level is 16600; below that Index can move towards 16570/16530/163480.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35830 to move towards 36990/36200/36500.

On the lower side, the Gann support level is 35500; below that Bank Nifty Index can move towards 35350/35150/34800 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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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.