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Nifty Bank Trade Plan and Levels for 09th November

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On Monday, both indices opened higher. Then, both faced resistance from the SOC Method Resistance level and gave back the gains. Then around 1:30 pm, both indices took support from the SOC Method level again and bounced sharply.

Tomorrow, Nifty’s intraday trend will be decided by the 18300-18330 zone, while the 17220-190 zone will act as support.

Bank Nifty’s 42150-41800 range is crucial. Any movement on either side will determine the market’s direction.

Nifty Intraday Gann levels

A break & hold above 18330 will help Nifty bulls move towards 18370/18420/18480/18550.

The Gann support level is 18230; below that, the Index can move toward 18190/18140/18080/18010.

Bank Nifty Gann levels

Bank Nifty bulls need to break & sustain above 42150 to move towards 42300/42500/42750.

On the lower side, the Gann support level is 41800; below that Bank Nifty Index can move towards 41650/41450/41200.

Note: The above levels are for educational purposes. Not Buy/Sell advice.

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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.