Today both indices opened lower but soon, both recovered back. And then, after consolidation, both jumped nearly 1% from the day low. And Bank Nifty closed in green, but Nifty closed flat.
Now Nifty bulls need to hold the 16030-15980 zone to maintain a positive stance. And on the higher side, the 16250-260 zone will act as the resistance.
Bank Nifty needs to hold the 35250-35000 zone to rally further. On the upside, the 35600-700 zone is the resistance.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16260 to move towards 16300/16350/16410/16480.
On the lower side, the Gann support level is 16170; below that Index can move towards 16130/16080/16020/15950.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 35650 to move towards 35800/36000/36250.
On the lower side, the Gann support level is 35300; below that Bank Nifty Index can move towards 35150/34950/34700.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
