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Weekly Expiry Trade Plan – Nifty Bank Nifty Intraday Levels

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Nifty and Bank both open gap-up above the Gann resistance levels (which we discussed yesterday) and continued to rally.

Now to keep this positive momentum, Nifty bulls need to protect the 16190-170 zone. On the higher side, the 16335-355 zone is the resistance.

The 35050 Gann Level worked in Bank Nifty. Above 35050 Bank Index has jumped over 1100 points till now.

To rally more, Bank Nifty has to break and hold above 3625-300 Gann resistance zone. On the downside, the 35900-700 zone is the support.

Gann Level worked in Nifty

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 16310 to move towards 16350/16400/16460 levels.

On the lower side, the Gann support level is 16210; below that Index can move towards 16170/16120/16060.

Gann Level worked in Bank Nifty

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 36250 to move towards 36500/36750/37010.

On the lower side, the Gann support level is 35900; below that Bank Nifty Index can move towards 35750/35550/33300 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.