We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Bank Nifty Trade Set-up for 17 May

Published On:

Updated On:

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.

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.