The last analysis swing trading levels worked well. Today Nifty and Bank Nifty Index fell like a dropping knife. Within an hour, Nifty fell 200 and Bank Nifty 700 points.
‘Trend Square Method’ gave an early signal for a sell trade. That is the worth of true Gann methods.
Nifty and Bank Index has made low near important Gann levels.
The 15575-15500 range is crucial. Holding the support range index can move up again. On the upper side, the 15700-720 zone will act as resistance.
And Bank Nifty 34400-34650 is a vital support range. On the upper side, the 34950-35100 zone will act as resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15700 to move towards 15730/15780/15850 levels.
On the lower side, the Gann support level is 15600; below that Index can move towards 15570/15520/15450.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 34950 to move towards 35100/35350/35750.
On the lower side, the Gann support level is 34600 below that Bank Nifty Index can move towards 34450/34200/33800 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.