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Nifty Bank Nifty Trading Plan 21st May

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The last analysis levels worked precisely.

Today, Nifty did high near 15069 and tried to cross the 15080 Gann resistance level. But it failed and did low around 14884 levels. Also, the Bank Nifty Index below 33550 did low around 33273 levels.

This downside can be limited. Bulls are in control on a larger time frame.

Tomorrow, if Nifty bulls get close above 15050 levels, then bulls will gain more strength, and Index can reach higher levels in the next few weeks.

Nifty gann levels

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 14970 to move towards 15010/15070/15139 levels.

On the lower side, the Gann support level is 14900 below that Index can move towards 14860/14810/14730.

Bank Nifty gann levels

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 33550 to move towards 33700/33950/34300.

On the lower side, the Gann support level is 33190 below that Bank Index can move towards 33050/32800/32400 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.