Nifty and Bank Nifty opened with a gap down today. Both did the low near the support levels (17600/37300) discussed in yesterday’s report and ended with 0.74% gains.
Nifty bulls need to hold the 17700-690 zone to keep this bullish momentum. On the upside, 17890 and 17960 are the resistance levels.
And Bank Nifty bulls need to hold the 37600-500 zone for further upside. On the upside, the 37850-900 zone is the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17860 to move towards 17890/17930/17980/18040 levels.
On the lower side, the Gann support level is 17780; below that Index can move towards 17750/17710/17660/17600.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 37850 to move towards 37950/38100/38300.
On the lower side, the Gann support level is 37600; below that Bank Nifty Index can move towards 37500/37350/37150 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.