The last analysis levels worked fine.
Both Indices today did low near yesterday, discussed support levels, and moved up higher. But both didn’t hold the gains and closed lower.
Nifty 50 Index has done a high near-critical Gann level.
For more rise, bulls need to sustain above the 14660-670 range for more upside. On the downside, the 15530-490 range will act as support.
Likewise, Bank Nifty Index has too made high around Gann resistance level.
But Index has many resistance points between the 35700-36000 range that bulls have to pass over for swift upside. On the downside, the 35200-34950 zone will act as support.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15610 to move towards 15650/15710/15790 levels.
On the lower side, the Gann support level is 15520; below that Index can move towards 15480/15420/15330.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 35600 to move towards 35700/35900/36200.
On the lower side, the Gann support level is 35200; below that Bank Nifty Index can move towards 35100/34900/34600 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
