Nifty and Bank Nifty end in red for the third consecutive day.
A nifty close below the 15750-770 price zone and Bank Nifty close below 35050 was negative. We discussed that in yesterday’s analysis.
Overall, Nifty and Bank Nifty bulls are getting weak day by day.
Below 34950 Bank Index can touch 34550/34200 levels. To gain the momentum back – bulls should break & sustain above the 34950 levels.
The 15670-650 price zone is crucial for the Nifty bulls. Below that Nifty 50 Index can slide more. 15790/860/920 levels are the hurdles for bulls. On the higher side, 15790/860/920 levels are the hurdles for bulls.
Nifty Intraday Gann Levels.
Nifty bulls need to break & sustain above 15760 to move towards 15790/15830/15880 levels.
On the lower side, the Gann support level is 15680; below that Index can move towards 15650/15610/15560.
Bank Nifty Intraday Gann Levels.
Bank Nifty bulls need to break & sustain above 35050 to move towards 35200/35400/35700.
On the lower side, the Gann support level is 34700; below that Bank Nifty Index can move towards 34550/34350/34050 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.