Nifty Bank Nifty Gann Analysis 30th April

In the last analysis, Bank Nifty Intraday Gann levels didn’t work as per the expectations.

But during Intraday Bank Index took support from the 33400-250 discussed range and bounced 600 points. But Nifty Intraday Gann levels and positional 14800 levels both worked fine.

Today both the Nifty and Bank Index faced the resistance near Gann levels and showed the weakness.

Bank Index needs the close above 33950-34050 range for more upside.

Likewise, Nifty has multiple resistance points in the 14945-15070 range. The range is wide, but we can’t change it.

On lower-end still Nifty as excellent support between 14740-800 range. Until this range, bulls are secure and can gather enough energy from lower points. But, below that range, the condition can turn, and we may see 150-300 points fall.

Nifty Daily Chart Analysis

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 14790 to move towards 14750/14699/14610 levels.

On the lower side, the Gann support level is 14910 below that Index can move towards 14950/15010/15090 levels.

Bank Nifty Daily Chart

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 33950 to move towards 34100/34410/34990 levels.

On the lower side, the Gann support level is 33600 below that Bank Index can move towards 33450/33150/32700 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.