Nifty Bank Nifty Trade Plan for 01st December

After opening flat, both indices consolidated within a small range, and in the last hour, both surged higher and closed up.

Tomorrow, Nifty’s intraday trend will be determined by the 18780-800 zone, while the 18720-700 zone can act as significant support.

The Bank Nifty needs to sustain above the 43300-350 zone to continue rising. On the higher side, 43650-700 can act as resistance.

nifty indices consolidated within a small range

Nifty Intraday Gann levels

A break & hold above 18790 will help Nifty bulls move towards 18830/18880/18940/19010.

The Gann support level is 18700; below that, the Index can move toward 18660/18610/18550/18480.

Bank Nifty indices consolidated within a small range

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 43350 to move towards 43500/43700/43950.

On the lower side, the Gann support level is 43000; below that Bank Nifty Index can move towards 42850/42650/42400.

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.