Trade Set up for Wednesday: Nifty Bank Nifty Intraday Levels

3 August 2021

Last Updated: 13 August 2021

Yes, the big move happened, which we were expecting by seeing the Price action. Nifty rallied over 250 points, and Bank Nifty over 500 points.

Now to keep this positive momentum, Nifty bulls need to protect the 16020-15990 zone.

Above 35050 levels, Bank Nifty is strong and can rally further if bulls hold the 34800-34850 zone.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 16160 to move towards 16190/16230/16280 levels.

On the lower side, the Gann support level is 16110; below that Index can move towards 16080/16040/15990.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35300 to move towards 35450/35650/35900.

On the lower side, the Gann support level is 34990; below that Bank Nifty Index can move towards 34850/34650/33400 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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