Nifty Bank Nifty Analysis for 10 November Expiry

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.

help Nifty bulls move

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.

help Bank Nifty bulls move

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.

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.