After opening higher, both indices faced resistance from the levels we discussed in yesterday’s analysis. Then both moved lower and closed in the red.
The intraday trend for Nifty tomorrow will be determined by the break and hold of the 18030-40 zone, while the 17890-850 zone provides support.
For the Bank Nifty tomorrow, 42900 will act as the trend-deciding level. And on the downside, 42500 and 42200 will act as support levels.
Nifty Intraday Gann levels
A break & hold above 18030 will help Nifty bulls move towards 18070/18120/18180/18250.
The Gann support level is 17930; below that, the Index can move toward 17890/17840/17780/17710.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 42800 to move towards 42950/43150/43400.
On the lower side, the Gann support level is 42500; below that Bank Nifty Index can move towards 42350/42150/41900.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
