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Nifty Bank Nifty UP MOVE Ahead? Trade Set up for Friday

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Another range-bound day, Nifty and Bank Nifty both ended flat. Such market action points big bang move is around the corner.

To keep this bullish momentum, Bank Nifty Index needs to hold the 35500-400 zone. On the higher side, 36050 and 36300 are the resistance levels.

For further upside, Nifty bulls need to hold the 16550-580 zone. On the higher side, 16670 and 16745 are the crucial resistance levels.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 16670 to move towards 16710/16760/16820 levels.

On the lower side, the Gann support level is 16580; below that Index can move towards 16540/16490/16430.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35800 to move towards 36950/36150/36400.

On the lower side, the Gann support level is 35500; below that Bank Nifty Index can move towards 35350/35150/34900 levels.

Note: The above levels are for educational purposes only, 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.