Today Nifty & Bank Nifty both opened a 1% gap down. Then after consolidation, both the indices again moved lower and ended the session in the red.
The bears are strong until Nifty is trading below the 16890-910 zone. On the downside, the 16660-600 is the major support area.
The 37050-36700 is a crucial zone for Bank Nifty. Either side breakout withholding will decide the trend of the week.
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Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 16910 to move towards 16950/17000/17060/17130.
On the lower side, the Gann support level is 16830; below that Index can move towards 17790/17740/17680/17610.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 37050 to move towards 37200/37400/37650.
On the lower side, the Gann support level is 36700; below that Bank Nifty Index can move towards 36550/36350/36100.
Note: The above levels are for educational purposes only, not Buy/Sell advice.