Both indices opened higher today and met resistance at the levels discussed in tomorrow’s analysis. Then both indices moved down and traded in a narrow range until closing.
Tomorrow, Nifty’s intraday trend will be decided by the 18060-18040 zone, while the 17220-240 zone will act as resistance.
Bank Nifty’s 41600-41950 range is crucial. Any movement on either side will determine the market’s direction.
Nifty Intraday Gann levels
A break & hold above 18190 will help Nifty bulls move towards 18240/18300/18370/18450.
The Gann support level is 18090; below that, the Index can move toward 18040/17980/17910/17830.
Bank Nifty Gann levels
Bank Nifty bulls need to break & sustain above 41950 to move towards 42100/42300/42550.
On the lower side, the Gann support level is 41600; below that Bank Nifty Index can move towards 41450/41250/41000.
Note: The above levels are for educational purposes. Not Buy/Sell advice.