Nifty and Bank Nifty both end in red. Soon after opening, both broke the support levels (which we discussed yesterday) and fell like anything.
But, later, Nifty jumped over 200 points, and Bank Nifty jumped 450 points from the day low.
Below 35700, Bank Nifty is weak and may trade lower for the rest of the week. And Nifty somehow got the close above 15700, but it is weak below 15780-790 zone.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15770 to move towards 15810/15860/15920 levels.
On the lower side, the Gann support level is 15680; below that Index can move towards 15640/15590/15530.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 34700 to move towards 34850/35050/35300.
On the lower side, the Gann support level is 34350; below that Bank Nifty Index can move towards 34200/34000/33750 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.