Nifty Bank Nifty Analysis for 06th April

The Gann Price Time Squaring setup triggered the fall in both the Nifty & Bank Nifty Index.

A similar setup happened near 16th Feb 2021, and from there, markets are moving down.

It will be interesting to watch how markets will shape from here. Nifty 50 Index has multiple support in the 14400-500 range. Same time, Bank Index is looking weak.

Gann Support Level Nifty Intraday

Nifty Intraday Trading Levels

For tomorrow’s session, Nifty bulls need to break & sustain above 14725 to move towards 14800/14900 levels.

On the lower side, the Gann support level is 14620 below that Index can move towards 14570/14500/14420 levels. 

Bank Index Daily Chart

Bank Nifty Intraday Levels

For tomorrow’s session, Bank Nifty bulls need to break & sustain above 33010 to move towards 33120/33270/33600 levels.

On the lower side, the Gann support level is 32580 below that Bank Index can move towards 32470/32350/32010 levels. 

Note: The above levels are for educational purposes only, Not a Buy/Sell advice.

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.