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Nifty Bank Nifty Trade Setup for Wednesday

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Updated On:

Nifty Bank Nifty ended in the green. But Nifty is still a worry.

Bank Nifty moved well above 35450 levels. We discussed that in yesterday’s post. Now bulls need to hold the 35350-300 support zone to rally further.

Nifty closed above 15800, but its Price action is still not convincing. To maintain a bullish trend, bulls need to hold the 15760-740 zone.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15840 to move towards 15870/15910/15960 levels.

On the lower side, the Gann support level is 15790; below that Index can move towards 15760/15720/15670.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35730 to move towards 35850/35990/36250.

On the lower side, the Gann support level is 35490; below that Bank Nifty Index can move towards 35350/35200/34950. levels.

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.