Nifty Bank Nifty Intraday Levels 18th May

The last analysis levels worked fine. Today Nifty and Bank Nifty both rallied after breaking their Gann Square Level 14771 & 32600.

Till the Nifty 50 Index is holding the 14780-820 range, bulls are in a powerful position. On the higher side, EOD close above 14990 levels will add more bullishness.

Bank Index bulls need to hold the 32700-900 Gann support range for maintaining the bullish tone.

Nifty and Bank Nifty both rallied

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 14960 to move towards 14999/15060/15140 levels.

On the lower side, the Gann support level is 14880 below that Index can move towards 14840/14780/14690 levels.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 33750 to move towards 33990/34300/34800 levels.

On the lower side, the Gann support level is 33300 below that Bank Index can move towards 33050/32750/32250 levels.

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

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.