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Nifty Bank Nifty Gann Analysis for Friday Trading Session

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Today, the Nifty opened down. But Bank Nifty opened up and did high near 39424 & then it gave up all the gains and ended in the red with Nifty.

The 17410-390 is a major support zone that Nifty can test until trading below the 17620-630 range.

The 38800-700 zone supports Bank Nifty. If it fails to hold that zone, it can test 37300/37900 levels. On the upside, 37250 & 37500 are the resistances.

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Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17600 to move towards 17630/17670/17720/17780.

On the lower side, the Gann support level is 17530; below that Index can move towards 17500/17460/17410/17350.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 39250 to move towards 39400/39600/39850.

On the lower side, the Gann support level is 38900; below that Bank Nifty Index can move towards 38750/38550/38300.

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

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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.