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.
