Nifty Bank Nifty Trade Setup for April 19

Today, both indices opened with a 1% gap-down and ended the session in the red.

Bear is in control until the Nifty is below the 17290-320 zone. And they can take the Index towards 16990/16850 levels if bulls fail to move above the 17290-320 zone. 

Until Bank Index is trading below the 36900-37100 zone, bears have the upper hand. And on the downside, if Bank Index breaks & sustains below the 36400, it can fall towards 36100/3580 levels.

nifty indices opened with a 1% gap

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17230 to move towards 17270/17320/17380/17450.

On the lower side, the Gann support level is 17140; below that Index can move towards 17100/17050/16990/16920.

indices opened with a 1% gap bank nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36750 to move towards 36900/37100/37350.

On the lower side, the Gann support level is 36400; below that Bank Nifty Index can move towards 36250/36050/35800.

Note: The above levels are for educational purposes only, 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.