Today both indices opened down, but within a few minutes, both rebounded back, and then for the session, both indices traded in a rangebound mode.
Tomorrow in Nifty, the 17580-550 zone will play an important role.
A sustainable move below that zone can take the index towards 17460/17330 levels. And on the higher side, the 17680-700 area will act as resistance.
And in Bank Nifty tomorrow, the 39550-650 zone is crucial.
If Bank Index breaks and holds above that zone, then it can move towards 39800/40100 levels. And on the lower side, the 39200 & 38800 will act as support.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17690 to move towards 17730/17780/17840/17910.
On the lower side, the Gann support level is 17590; below that Index can move towards 17550/17500/17440/17370.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 39650 to move towards 39800/40000/40250.
On the lower side, the Gann support level is 39400; below that Bank Nifty Index can move towards 39250/39050/38800.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
