Today from the Nifty and Bank Nifty continued to trade higher. Both did the low near the support levels (17120/36100) discussed in yesterday’s report and bounced back higher.
Now bulls in Nifty need to hold the 17335-17290 zone to rally further. On the upside, 17450 & 17600 are the resistance levels.
Bank Nifty bulls need to hold the 36300-100 zone to rally further. On the upside, 36600 & 36900 will act as the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17450 to move towards 17480/17520/17570/17630.
On the lower side, the Gann support level is 17380; below that Index can move towards 17350/17310/17260/17200.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 36600 to move towards 36750/36950/37200.
On the lower side, the Gann support level is 36300; below that Bank Nifty Index can move towards 36150/35950/35700.
Note: The above levels are for educational purposes only, not Buy/Sell advice.