Today indices opened with a gap up. Then both faced resistance from the Gann price and time square level, and from there, both gave up all the gains and closed on a flat note.
Bears are in control until the Nifty is trading below the 15999-16050 zone (on a closing basis). On the downside, the 15800 is a crucial support.
Bank Nifty is weaker until it is below the 33900-34100 zone. On the downside, 33400 and 32800 are the support levels.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 15890 to move towards 15930/15980/16040/16110.
On the lower side, the Gann support level is 15800; below that Index can move towards 15760/15710/15650/15580.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 33750 to move towards 33900/34100/34350.
On the lower side, the Gann support level is 33400; below that Bank Nifty Index can move towards 33250/33050/32800.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
