Today after a few minutes of the gap-up opening, both indices progressed downwards. And after that, for the whole session, both remained under pressure, and every bounce got sold off.
Tomorrow in Nifty, the 17929-950 zone will play an important role. A sustainable move above that zone can take the index towards higher levels. And on the lower side, the 17850-840 area is the support.
And in Bank Nifty 41277-400 zone is crucial. If it holds above that zone, then it can move higher. On the lower side, 41100 & 40700 are the supports.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17950 to move towards 17990/18040/18100/18170.
On the lower side, the Gann support level is 17850; below that Index can move towards 17810/17760/17700/17630.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 41400 to move towards 41550/41750/42000.
On the lower side, the Gann support level is 41100; below that Bank Nifty Index can move towards 40950/40750/40500.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
