Nifty Bank Nifty extend gains today. Bank Index hit a new all-time high.
Now to maintain this bullishness Nifty Index needs to hold a 17560-550 support zone. On the higher side, 17670 is the resistance.
After 7 sessions today, on the hourly chart Bank Nifty succeeded in closing above 36900-950 resistance zone. That triggered the strong buying force, and as a result, Bank Index made high around 37720 levels.
Now Bank Index needs to hold a 36900 to hold today’s gain. On the higher side, 37900 is the resistance.
Nifty Intraday Levels
Nifty bulls need to break & sustain above 17670 to move towards 17710/17760/17820 levels.
On the lower side, the Gann support level is 17600; below that Index can move towards 17560/17510/17450.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 37750 to move towards 37900/38100/38350.
On the lower side, the Gann support level is 37500; below that Bank Nifty Index can move towards 37350/37150/36900 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.