Nifty Bank Nifty Trading Plan for 26 April

Today, both indices opened with a gap down. Then Bank Nifty recovered and closed in the green. But Nifty closed over 1% down.

Bears are strong until the Nifty is trading below the 17125-135 zone. On the lower side, 16890-880 is a crucial support zone, and if bulls manage to hold that, then a bounce-back can be seen towards 17090/17150 levels. 

Bank Nifty bulls need to hold the 35900-700 zone for a further upside. On the higher side, the 36300-400 zone is the resistance. 

nifty closed over 1% down

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16970 to move towards 17010/17060/17120/17190.

On the lower side, the Gann support level is 16880; below that Index can move towards 16840/16790/16730/17660.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36200 to move towards 36350/36550/36800.

On the lower side, the Gann support level is 35800; below that Bank Nifty Index can move towards 35650/35450/35200.

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

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.