Nifty Bank Nifty Gann Analysis for 29 April

Today, both indices opened with a gap-up. Then after consolidation, both indices moved higher and ended the session in green with a 1% gain. 

The big move happened today, and the Nifty rallied over 200 points. Now bulls need to hold the 17210-180 zone for further upside. But if bulls fail to do so, then the Nifty may move lower towards 17100/16950 levels.

Bank Nifty also did well today it rallied 500 points, and now it needs to hold the 36300-100 zone for further upside. But if bulls fail to do so, then the Bank Nifty may move lower towards 35900/35700 levels.

Nifty rallied over 200 points

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17270 to move towards 17310/17360/17420/17490.

On the lower side, the Gann support level is 17180; below that Index can move towards 17140/17090/17030/16960.

Bank Nifty rallied 500 points

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36500 to move towards 36650/36850/37100.

On the lower side, the Gann support level is 36200; below that Bank Nifty Index can move towards 36050/35850/35600.

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.