Today Nifty & Bank Nifty opened with a gap near the resistance levels discussed in the weekly analysis (17640/37600). But within a few minutes, both Indices gave up all the opening gains, fell over 1.50% from the day high, and ended in the red.
For tomorrow’s session. Nifty bulls need to break & hold above the 17430-450 zone to rally further. On the downside, 17350 & 17250 are the supports.
Until Bank Nifty holds the 36900-700 zone, bulls have the upper hand. On the upside, the 37100 & 37400 are the resistance levels.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17430 to move towards 17470/17520/17580/17650.
On the lower side, the Gann support level is 17350; below that Index can move towards 17310/17260/17200/17130.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 37100 to move towards 37250/37450/37700.
On the lower side, the Gann support level is 36800; below that Bank Nifty Index can move towards 36650/36450/36200.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
