Nifty Selling Pressure| Divesh's Technical Analysis

20 September 2021

Last Updated: 1 October 2021

Nifty and Bank Nifty selling pressure from Friday’s high continued today as well.

Nifty minor support is in the 17380-360 zone. If the Index sustains below that, it can fall more towards 17300/240/190 levels. On the upside, 17480 and 17670 are the resistance levels.

Below the 37300-500 zone, Bank Nifty is weaker and can fall towards 36800 levels. Over there, Bank Nifty has major support.

Nifty selling pressure near the Gann Angle Line

Nifty Intraday Levels

Nifty bulls need to break & sustain above 17450 to move towards 17480/17520/17570/17630 levels.

On the lower side, the Gann support level is 17370; below that Index can move towards 17340/17300/17250/17190.

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 37300 to move towards 37450/37650/37900.

On the lower side, the Gann support level is 36990; below that Bank Nifty Index can move towards 36850/36650/36400 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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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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