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Nifty Bank Nifty Intraday Outlook 07th Aug

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Updated On:

In the last post, we discussed.Resistance level is 11170; above that, bulls can gain strength for the move towards 11200/11250/11350 levels. On the lower side; Gann support level is 11060 below that move towards 11030/10980/10900 levels can come.

In Thursday’s session, Index opened gap-up and hit the around 11256 levels; bulls above 11170 Nifty Intraday Gann resistance level did the 2nd target on buying side.

Nifty Intraday Trading Levels

For today’s Intraday session, Resistance level is 11240; above that, bulls can gain strength for the move towards 11270/11320/11410 levels.

On the lower side; Gann support level is 11160 below that move towards 11130/11080/10990 levels can come.

Bank Nifty Intraday Analysis

In the last post, we discussed.Resistance level is 21700; above that, bulls can gain strength for the move towards 21800/21950/22280 levels. On the lower side; Gann support level is 21380 below that move towards 21280/21130/20800 levels can come.

In Thursday’s session, Index opened gap-up and hit the around 21926 levels. The bulls above 21700 Bank Nifty Intraday Gann resistance level almost did the 2nd target on buying side.

Bank Nifty Intraday Trading Levels

For today’s Intraday session, Resistance level is 21850; above that, bulls can gain strength for the move towards 21950/22100/22350 levels.

On the lower side; Gann support level is 21600 below that move towards 21500/21350/21100 levels can come.

Note: Above mention Price projection & other Information is for educational purpose only.

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About The Author

Divesh Jotwani is an active and full-time trader in the Indian markets. He has spent over 20+ years researching and discovering WD Gann's methods and applying them daily in the markets.