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Nifty Bank Nifty Gann Analysis for 21st October

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Today both indices opened with a gap-down near the Gann Square Reversal level. And as both indices were near the Reversal point, the Reversal happened. From the day low, Nifty jumped nearly 200, and Bank Nifty rosed about 300 points.

Tomorrow, the 17510-490 zone will play a crucial role in deciding the Intraday trend in Nifty. And on the higher side, the 17650 will act as the resistance.

For Bank Nifty, the 39800-40300 range is crucial. Either side break withholding will decide the trend of the day.

Nifty Gann Square Reversal level

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17590 to move towards 17630/17680/17740/17810.

On the lower side, the Gann support level is 17490; below that Index can move towards 17450/17400/17340/17270.

Bank Nifty Gann Square Reversal level

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 40300 to move towards 40450/40650/40900.

On the lower side, the Gann support level is 39950; below that Bank Nifty Index can move towards 39800/39600/39350.

Note: The above levels are for educational purposes. 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.