Today both indices opened, and then for the whole session, both indices traded within a small range.
Nifty has to break and sustain above the 15447-477 zone for a bounce-back. On the downside, a break and sustainable move below 15150 can extend the fall towards 14950/14800 levels.
The Bank Nifty has many resistances between the 32990-33300 zone. And until it doesn’t cross and hold above that zone, the risk for a further drop is a bit higher. On the lower side, 32400 & 31900 are the supports.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 15390 to move towards 15430/15480/15540/15610.
On the lower side, the Gann support level is 15310; below that Index can move towards 15270/15220/15160/15090.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 32850 to move towards 33000/33200/33450.
On the lower side, the Gann support level is 32500; below that Bank Nifty Index can move towards 32350/32150/31900.
Note: The above levels are for educational purposes. Not a Buy/Sell advice.
