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Nifty Bank Nifty Gann Analysis for 17 Dec

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Today Nifty Bank Nifty opened with a gap up. Then after a few minutes, both the indices moved downwards and gave up all the opening gains. And Nifty ended almost flat, while Bank Nifty ended in the red.

For tomorrow’s session, Nifty bulls need to break & hold above the 17300-320 zone for a bounce. On the downside, 17190 & 17100 are the pivotal support levels.

The Bank Nifty range is 36350-700. Either side breakout with sustain will decide the trend for tomorrow’s session.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17300 to move towards 17340/17390/17450/17520.

On the lower side, the Gann support level is 17220; below that Index can move towards 17180/17130/17070/16990.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 36800 to move towards 36950/37150/37400.

On the lower side, the Gann support level is 36500; below that Bank Nifty Index can move towards 36350/36150/35900.

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.