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Nifty Bank Nifty Analysis & Trading levels for 11 October

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Today both indices opened a gap-down near the Gann Square Support level. As both indices were at the support level, a bounce back came, which helped both indices to erase some of the early losses. But even after that bounce, both closed in the red. 

In tomorrow’s session, the 17280-295 zone will play a crucial role in deciding the Nifty Intraday trend. And on the lower side, the 17155-140 zone will act as support.

For Bank Nifty 39300-39350 range is crucial. And for further upside Bank Index has to break and sustain above that zone. On the lower side, the 39050-38800 zone is the support.

Nifty Gann Square Support level

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17290 to move towards 17330/17380/17440/17510.

On the lower side, the Gann support level is 17190; below that Index can move towards 17150/17100/17040/16970.

Bank Nifty Gann Square Support level

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 39350 to move towards 39500/39700/39950.

On the lower side, the Gann support level is 39000; below that Bank Nifty Index can move towards 38850/38650/38400.

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.