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 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 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.
