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Nifty Bank Nifty Gann Analysis for 22 July

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Today after the gap-up opening, both indices consolidated the gains, then moved further upward and closed with half a percent gain.

The 16550-490 is a crucial support area for Nifty. And until the Index is above that, bulls are stronger. On the higher, today’s high 16610-650 zone will act as a resistance.

The 36050-35850 is a critical support zone for Bank Nifty and has maintained above that for further upside. And on the higher 36400 will act as the resistance

Nifty indices consolidated the gain

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16660 to move towards 16700/16750/16810/16880.

On the lower side, the Gann support level is 16580; below that Index can move towards 16540/16490/16430/16360.

Nifty Bank consolidated the gain

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36400 to move towards 36550/36750/37000.

On the lower side, the Gann support level is 36050; below that Bank Nifty Index can move towards 35900/35700/35450.

Note: The above levels are for educational purposes. Not Buy/Sell advice.

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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.