Nifty Bank Nifty Trading Plan for Weekly Expiry

Today, both indices opened with the gap up. Then moved higher and then both indices traded in a small range. 

Bears are in control until the Nifty is below the 17200-240 zone. And they can take the Index towards 16500 levels if bulls fail to move above the 17220-240 zone. 

The 35900 is a crucial level for Bank Nifty. And if Bank Index holds that level, then it can bounce back towards 36800/37100 levels. But if it fails to hold 35900, then it can move towards 35500/35100 levels. 

indices traded in a small range nifty

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17160 to move towards 17200/17250/17310/17380.

On the lower side, the Gann support level is 17070; below that Index can move towards 17030/16980/16920/16850.

indices traded in a small range bank nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36500 to move towards 36650/36850/37100.

On the lower side, the Gann support level is 36150; below that Bank Nifty Index can move towards 36000/35800/35550.

Note: The above levels are for educational purposes only, 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.