Nifty scales higher today, but Bank Nifty is still trading within the range.
The hourly close above 17425-430 zone triggered the strong buying force, and as a result, Nifty made high around 17532 levels.
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 Index bulls are strong and can take Bank Nifty higher towards 37100/300/600 levels.
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 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.