Trade Plan for 14 September: Indices Rises for 4th Day Straight

Today both the indices opened with a gap-up. Then after consolidation, both moved further higher and ended the session in the green. 

Tomorrow in Nifty, the 18080-18100 zone will play an important role. A sustainable move above that zone can take the index towards 18190/18300 levels. And on the lower side, the 18010-17980 area is the support.

Above 40700, Bank Nifty has gained more strength. And now, bulls in the Bank Nifty need to hold the 40600-500 zone for a move towards 41200/41600. And on the higher side, the 40950 will act as resistance

nifty indices opened with a gap

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 18100 to move towards 18140/18190/18250/18320.

On the lower side, the Gann support level is 18020; below that Index can move towards 17980/17930/17870/17800.

Bank Nifty indices opened with a gap

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 40950 to move towards 41100/41300/41550.

On the lower side, the Gann support level is 40600; below that Bank Nifty Index can move towards 40450/40250/40000.

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.