Nifty Bank Nifty Gann Analysis for 16 September

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 indices progressed downwards

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 indices progressed downwards

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.

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.