Nifty Bank Nifty Trade Set-Up for 07th December

6 December 2022

Today, both indices opened lower, then remained rangebound throughout the session.

Tomorrow, Nifty’s intraday trend will be determined by the 18580-550 zone, while the 18670-700 zone can act as significant resistance.

The Bank Nifty needs to break & sustain above the 43500-650 zone to continue rising. On the lower side, 42900 is major support.

Nifty Intraday Gann levels

A break & hold above 18670 will help Nifty bulls move towards 18710/18760/18820/18890.

The Gann support level is 18570; below that, the Index can move toward 18530/18480/18420/18350.

Bank Nifty's intraday trend will be determined

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 43250 to move towards 43400/43600/43850.

On the lower side, the Gann support level is 42900; below that Bank Nifty Index can move towards 42750/42550/42300.

Note: The above levels are for educational purposes. Not Buy/Sell advice.

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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.

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