Nifty & Bank Nifty Trade Plan for Tuesday Trading Session

Today Nifty & Bank Nifty both opened with a mild gap up. But soon, both gave up all the opening gains and moved down. Then, both the indices traded negative for the whole day and ended the session in the red.

Bears have the upper hand until Nifty is trading below the 17250-280 range. On the downside, 17100-17070 is the major support zone.

If Bank Nifty fails to hold the 37800-700 range, it can decline towards 37300/36900 levels. On the upside, 38350 & 38700 are the resistance.

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Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17270 to move towards 17310/17360/17420/17490.

On the lower side, the Gann support level is 17180; below that Index can move towards 17140/17090/17030/16960.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 38100 to move towards 38250/39450/38700.

On the lower side, the Gann support level is 37750; below that Bank Nifty Index can move towards 37600/37400/37150.

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.