Nifty Bank Nifty Analysis 28th May

The last analysis levels worked superbly.

Today both the Nifty and Bank Nifty Index showed excellent strength.

Holding the 15280-300 Gann support range Nifty 50 Index can rally towards 15490/15600 levels.

Bank Index is also showing great strength, and it needs to hold the 35000-34900 zone to rally further.

Gann support range Nifty 50 Index

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15380 to move towards 15430/15490/15590 levels.

On the lower side, the Gann support level is 15300; below that Index can move towards 15250/15190/15090.

Gann support range Bank Nifty Index

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35300 to move towards 35500/35800/36300.

On the lower side, the Gann support level is 34950 below that Bank Index can move towards 34750/34450/33950 levels.

Note: The above levels are for educational purposes only, not 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.