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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 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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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.