Nifty Bank Nifty Trade Plan for Tuesday, A Big-Bang Move is Around the corner

2 August 2021

Last Updated: 12 August 2021

By holding a 15730-700 support zone, Nifty has again reached near an all-time high. To keep this positive momentum, bulls need to protect the 15830-800 zone.

Bank Nifty was dull on Friday and today. It is facing resistance from 34850-900 zone, which we discussed in the last analysis.

The Bank Nifty range is 34300-35050. Either side breakout (with sustain) will give the trending move.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15920 to move towards 15960/16010/16070 levels.

On the lower side, the Gann support level is 15830; below that Index can move towards 15790/15740/15680.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 34880 to move towards 35050/35250/35500.

On the lower side, the Gann support level is 34580; below that Bank Nifty Index can move towards 34400/34200/33950 levels.

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.

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