Trade Plan for Wednesday: Nifty Bank Nifty Intraday Gann Levels

Nifty and Bank Nifty opened with a gap-up today, made high near the Gann Square level, and both Indices started bleeding from there. In the end, both ended the day in the red.

Nifty bulls need to break and hold above the 18530 levels to get the momentum back. On the downside, 18340 and 18250 are the key support levels.

And Bank Nifty bulls need to hold the 39500-480 zone to extend the rise. On the upside, 39950 is the important resistance level.

high near the Gann Square level

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 18460 to move towards 18490/18530/18580/18640.

On the lower side, the Gann support level is 18390; below that Index can move towards 18360/18320/18270/18210.

Bank Nifty high near the Gann Square level

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 39750 to move towards 39900/40100/40350.

On the lower side, the Gann support level is 39500; below that Bank Nifty Index can move towards 39350/39150/38900.

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.