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Nifty Bank Nifty Trading Strategy for 23rd April

Published On:

Updated On:

The last analysis levels worked perfectly.

Nifty did low near discussed level 14160 and rebound rapidly, breaking every resistance.

Now bulls are building support in the 14340-300 range, holding that Index can rise towards 14520/15650 levels.

The Bank Nifty bulls are forming a support near 31300, holding that Bank Index can rise more. But on the higher side, Price action near the 32300-500 range will play a vital role.

Nifty Gann Angle Chart

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 14430 to move towards 14475/14530/14610 levels.

On the lower side, the Gann support level is 14340 below that Index can move towards 14299/14250/14160 levels.

Bank Nifty Angle Chart

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 31920 to move towards 32100/32350/32700 levels.

On the lower side, the Gann support level is 31640 below that Bank Index can move towards 31500/31300/30900 levels. 

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

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Divesh Jotwani

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.