Today Nifty holds the opening gains and closed near high. But Bank Nifty fell 450 points from its day high and closed 260 points higher.
Now Nifty bulls need to hold the 15740-720 support zone to hold today’s gains. On the higher side, the 15835-850 zone is the resistance.
Bank Nifty breaks the resistance zone (discussed in yesterday’s analysis) but didn’t close above it.
Now Bank Nifty bulls need to hold the 34550-470 zone to bounce back. On the higher side, the resistance zone is the same (34860-900).
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15840 to move towards 15870/15910/15960 levels.
On the lower side, the Gann support level is 15750; below that Index can move towards 15720/15680/15630.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 34850 to move towards 35000/35200/35450.
On the lower side, the Gann support level is 34500; below that Bank Nifty Index can move towards 34350/34150/33900. levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.