Today both the indices opened with a gap. Then after consolidation, both again moved down and made the low around 01:00 pm. And from that low, both indices jumped 3% higher and closed in the green.
Until Nifty is holding 15970-930 zone, bulls are strong.
On the higher side Index can face resistance around the 16090 levels. But if it sustains above, bulls can see a rally towards 16250 levels.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16050 to move towards 16090/16140/16200/16270.
On the lower side, the Gann support level is 15960; below that Index can move towards 15920/15870/15810/15740.
Bank Nifty bulls need to hold the 32950-800 zone for further upmove.
On the upside, 33500 is the major resistance. If it manages to sustain above that, Bank Index can move towards 34000/34700 levels.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 33300 to move towards 33450/33650/33900.
On the lower side, the Gann support level is 32950; below that Bank Nifty Index can move towards 32800/32600/32350.
Note: The above levels are for educational purposes only, not Buy/Sell advice.