Today, Nifty & Bank Nifty opened flat to negative. Then, after some consolidation, both again moved more down and ended the session in the red.
The 17860-840 zone will be a hurdle for the Nifty in tomorrow’s session. But, if bulls manage to break & hold above that zone, then Nifty can show a bounce towards the 17990-18040 zone. On the downside, 17650-30 is the support zone.
The 38000-38050 is an important resistance zone for the Bank Nifty. The Index can move higher if the bulls break & hold above that zone. On the downside, 37700 & 37450 are the supports.
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Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17810 to move towards 17850/17900/17960/18030.
On the lower side, the Gann support level is 17730; below that Index can move towards 17690/17640/17580/17510.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 38050 to move towards 38200/38400/38650.
On the lower side, the Gann support level is 37700; below that Bank Nifty Index can move towards 37550/37350/37100.
Note: The above levels are for educational purposes only, not Buy/Sell advice.