Today both indices opened gap-down, and after consolidation, both moved more down and closed in the red.
The 16015 is the key level for Nifty. If it sustains below that, then it can hit 15800 around levels until Friday. And on the higher side, the 16070-115 zone will act as the resistance.
Bank Nifty needs to hold the 35000 to rally further. If the Index sustains below 35000, then it can sink towards 34900/700/400 levels. On the upside, the 35250-300 zone is the resistance.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16060 to move towards 16100/16150/16210/16280.
On the lower side, the Gann support level is 15970; below that Index can move towards 15930/15880/15820/15750.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 35250 to move towards 35400/35600/35850.
On the lower side, the Gann support level is 34900; below that Bank Nifty Index can move towards 34750/34550/34300.
Note: The above levels are for educational purposes. Not Buy/Sell advice.