Today both indices opened with a gap-up. Then, after some consolidation, both moved further higher and closed in the green with 1% gains.
Tomorrow in Nifty, the 17770-750 zone will play an important role.
A sustainable move below that zone can take the index towards 17460/17330 levels. And on the higher side, the 17910-960 area will act as a strong resistance.
And in Bank Nifty, the 40050-39800 zone is crucial.
If Bank Index holds above that zone, then it can move towards 40450/40700 levels. And on the upper side, the 40700 will act as resistance.
Nifty Index Intraday Gann levels
Nifty bulls need to break & sustain above 17840 to move towards 17880/17930/17990/18060.
On the lower side, the Gann support level is 17750; below that Index can move towards 17710/17660/17600/17530.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 40300 to move towards 40450/40650/40900.
On the lower side, the Gann support level is 39950; below that Bank Nifty Index can move towards 39800/39600/39350.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
