Nifty Bank Nifty Gann Analysis for Wednesday Trading Session

Today, Nifty & Bank Nifty opened, gapped up. Nifty did well after the opening went over 100 points up. But Bank Nifty traded in a range. Hence, both ended the day in the green.

For further upside, Nifty needs to hold the 17170-140 zone. On the upside, the 17350 & 17500 are the levels where Nifty Index may face resistance.

And Bank Nifty needs to break and sustain above the 35350 level. On the downside, the 35000-34800 zone is the support.

nifty Index may face resistance

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17250 to move towards 17290/17340/17400/17470.

On the lower side, the Gann support level is 17170; below that Index can move towards 17130/17080/17020/16950.

Bank Nifty Index may face resistance

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35350 to move towards 35500/35700/35950.

On the lower side, the Gann support level is 35000; below that Bank Nifty Index can move towards 34850/34650/34400.

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.