Nifty Bank Nifty Trade Plan for 03rd January

After opening flat, both indices moved higher, then after consolidation, both again climbed upwards and closed in the green.

A break and hold over the 18250-260 zone could decide Nifty’s intraday trend tomorrow, while the 18160-150 level will likely act as support.

In the Bank Nifty, the 43330-400 zone is crucial. Breakout and holding above that zone can trigger a further rally. On the downside, 43100 and 42700 are key support levels.

Nifty Intraday Gann levels

A break & hold above 18260 will help Nifty bulls move towards 18300/18350/18410/18480.

The Gann support level is 18160; below that, the Index can move toward 18120/18070/18010/17940.

In the Bank Nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 43400 to move towards 43550/43750/44000.

On the lower side, the Gann support level is 43100; below that Bank Nifty Index can move towards 42950/42750/42500.

Note: The above levels are for educational purposes. 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.