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Nifty Bank Nifty Analysis & Levels for 20th October Weekly Expiry

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Today after the gap-up opening, both indices faced resistance from the Gann Square level, then both fell and gave up most of the gains.

Tomorrow, the 17490-470 zone will play a crucial role in deciding the Intraday trend in Nifty. And on the higher side, the 17650 will act as the resistance.

For Bank Nifty, the 40150-40450 range is crucial. Either side break withholding will decide the trend of the day. 

The intraday trend in Nifty

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17550to move towards 17590/17640/17700/17770.

On the lower side, the Gann support level is 17470; below that Index can move towards 17430/17380/17320/17250.

The intraday trend in Bank Nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 40450 to move towards 40600/40800/41050.

On the lower side, the Gann support level is 40150; below that Bank Nifty Index can move towards 40000/39800/39550.

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.