Nifty Bank Nifty Trade Plan for Weekly Expiry

Nifty and Bank Nifty ends flat to negative today. Markets are waiting for the Fed meeting outcome, so we expected not much action today.

Now to continue this bullish momentum Nifty bulls need to hold the 17430-20 zone. On the upside, 17670 is the resistance level.

Bank Nifty today again dropped from near 37300, which is a crucial resistance. Until Bank Index holds 36800 (on a closing basis), it is positive. On the upside, the 37300-500 zone is the resistance.

Nifty ends flat to negative

Nifty Intraday Levels

Nifty bulls need to break & sustain above 17580 to move towards 17620/17670/17740 levels.

On the lower side, the Gann support level is 17520; below that Index can move towards 17480/17420/17360.

Bank Nifty ends flat to negative

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 37200 to move towards 37350/37550/37800.

On the lower side, the Gann support level is 36900; below that Bank Nifty Index can move towards 36750/36550/36300 levels.

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.