Trade Plan for 21 September: Indices Extended the Gains for the Second Consecutive Session

Today both indices opened gap-up and continued to move further higher. Then around 12:30 pm, both indices faced resistance at the Gann Square level and gave up some of the gains. But still, both indexes closed in green with over 1% gains.

Until the Nifty is holding the 17720-695 zone, the bulls are in a strong position. And on the higher side, the 17930-950 area is the resistance.

And in Bank Nifty 41600-700 zone is crucial. If the Bank Index breaks and holds above that zone, then it can move further higher. On the lower side, the 41200-41010 zone is the support

nifty indexes closed in green

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17870 to move towards 17910/17960/18020/18090.

On the lower side, the Gann support level is 17780; below that Index can move towards 17740/17690/17630/17560.

bank nifty indexes closed in green

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 41600 to move towards 41750/41950/42200.

On the lower side, the Gann support level is 41300; below that Bank Nifty Index can move towards 41150/40950/40700.

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.