Nifty and Bank Nifty today ended lower. Both faced resistance at/near the levels (18310/41350) discussed in yesterday’s analysis report.
In Nifty, 18287-320 is a crucial resistance zone for bulls. Closing above that zone is needed for further upside. On the lower side, 18120 and 18030 are the support levels.
And Bank Nifty bulls need to break and hold the 41350-400 zone to get the momentum back. On the lower side, the 40600-500 zone is the support.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 18260 to move towards 18290/18330/18380/18440.
On the lower side, the Gann support level is 18190; below that Index can move towards 18160/18120/18070/18010.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 41350 to move towards 41500/41700/41950.
On the lower side, the Gann support level is 41020; below that Bank Nifty Index can move towards 40870/40770/40500.
Note: The above levels are for educational purposes only, not Buy/Sell advice.