Nifty Bank Nifty Trading Levels for Wednesday

Nifty and Bank Nifty extend the fall today as well. Both fell 1% and ended the session on a weak note.

Below 18065-80 zone Nifty is weaker and can move back towards 17900/17840/17700 levels. Bulls will get active only above 18065-80 zone.

Bank Nifty is also weaker, below the 38650-38700 zone. But on the downside, the 38200-37950 is a support zone. From there, Bank Index can get some bounce back.

Nifty is Weaker EOD Analysis

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 18070 to move towards 18100/18140/18190/18250.

On the lower side, the Gann support level is 17990; below that Index can move towards 17960/17920/17870/17810.

Bank Nifty is Weaker EOD Analysis

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 38500 to move towards 38650/38850/39100.

On the lower side, the Gann support level is 38200; below that Bank Nifty Index can move towards 38050/37850/37600.

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.