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Nifty Bank Nifty DOWN Move Ahead? Trade Plan for Tuesday

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Nifty and Bank Nifty both end in the red.

The 17425-430 is a crucial zone for the Nifty 50 Index. Below that, Nifty is weaker and can fall towards 17220/17130/17070 levels.

Bank Nifty held in a 36200-36900 range. Either side breakout of the range will decide the trend.

Nifty Intraday Levels

Nifty bulls need to break & sustain above 17390 to move towards 17420/17460/17510 levels.

On the lower side, the Gann support level is 17320; below that Index can move towards 17290/17250/17200.

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 36650 to move towards 36770/36920/37120.

On the lower side, the Gann support level is 36350; below that Bank Nifty Index can move towards 36230/36080/3880 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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Divesh Jotwani

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.