Both indices opened near the Gann Square Resistance level in Tuesday’s session. Since both were near the Resistance level, both fell and ended in the red.
Tomorrow, Nifty’s intraday trend will be determined by the 17850-860 zone, while 17750 will act as support on the downside.
Bank Nifty’s 41600-41200 range is crucial. Any movement on either side will determine the market’s direction.
Nifty Intraday Gann levels
A break & hold above 17860 will help Nifty bulls move towards 17900/17950/18010/18080.
The Gann support level is 17760; below that, the Index can move toward 17720/17670/17610/17540.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 41550 to move towards 41700/41900/42150.
On the lower side, the Gann support level is 41200; below that Bank Nifty Index can move towards 41050/40850/40600.
Note: The above levels are for educational purposes. Not Buy/Sell advice.