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Nifty Bank Nifty Intraday levels 28th April

The last analysis levels worked perfectly. 

From a short-term perspective, both the Nifty and Bank Nifty Index are in a stable position. But on the higher side, we must stay cautious.

That’s because first, the Nifty 50 Index from 14273 Friday low is rising against a steep angle line on the hourly chart. We have seen the rise against a steep angle line that doesn’t sustain for too long.

Second, near 14720-735, Index will complete its square point, and most of the time, Square levels act as a crucial resistance.

Both the factors may act as a trigger for profit booking.

Nifty Hourly Chart Analysis

Nifty 50 Index Intraday Gann Levels

Nifty bulls need to break & sustain above 14690 to move towards 14750/14820 levels

On the lower side, the Gann support level is 14600 below that Index can move towards 14550/14490/14410 levels.

Nifty Bank Gann Angle Daily Chart

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 32930 to move towards 33100/33400 levels.

On the lower side, the Gann support level is 32580 below that Bank Index can move towards 32400/32100/31700 levels. 

Note: The above levels are for educational purposes only, not Buy/Sell advice.