Today both indices opened flat and moved lower. On the lower side, both received support from SOC levels, moved upwards, and faced resistance at the levels we discussed yesterday. Overall today, both traded within a small range.
Tomorrow, Nifty’s intraday trend will be decided by the 18445-470 zone, while 17380 will act as support.
The 42550-600 zone will be a critical resistance level for Bank Nifty. On the lower side, support is at the 42250-200 zone.
Nifty Intraday Gann levels
A break & hold above 18470 will help Nifty bulls move towards 18510/18560/18620/18690.
The Gann support level is 18380; below that, the Index can move toward 18340/18290/18230/18160.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 42600 to move towards 42750/42950/43200.
On the lower side, the Gann support level is 42250; below that Bank Nifty Index can move towards 42100/41900/41650.
Note: The above levels are for educational purposes. Not Buy/Sell advice.