Nifty Bank Nifty Trade Plan for Weekly Expiry

Nifty scales higher today, but Bank Nifty is still trading within the range.

A nifty hourly close above 17425-430 zone triggered the strong buying force, and as a result, Nifty made high around 17532 levels.

Nifty Hourly Chart Breakout

Now to maintain this bullishness Index needs to hold a 17470-480 support zone. On the higher side, 17570 is the resistance.

Bank Nifty too moved up, but it failed to close above the 36900-950 zone.

Above 36700-550 zone, Bank Nifty bulls are strong and can take Bank Nifty higher towards 37100/300/600 levels.

Nifty scales higher today

Nifty Intraday Levels

Nifty bulls need to break & sustain above 17540 to move towards 17570/17610/17660 levels.

On the lower side, the Gann support level is 17470; below that Index can move towards 17440/17400/17350.

Bank Nifty scales higher today

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 36950 to move towards 37100/37300/37550.

On the lower side, the Gann support level is 36650; below that Bank Nifty Index can move towards 36500/36300/36050 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.