Nifty and Bank Nifty ends in red. Today, Nifty twice faced resistance from (near) 17429 levels discussed in yesterday’s report. And as expected, Bank Index fell and did the first target of 36200.
The 17425-430 is still a crucial zone for the Nifty 50 Index, and tomorrow also, if it fails to hold above that, we can see a fall towards 17290/17220/17130 levels. On the downside, 17290 is the support.
Bank Nifty is weak below the 36700-800 zone, and it can hit 36200/35900 levels on the downside. Around 35900-800, it has an important support level, and it can touch that level before major upside moves.
Nifty Intraday Levels
Nifty bulls need to break & sustain above 17420 to move towards 17460/17510/17570 levels.
On the lower side, the Gann support level is 17340; below that Index can move towards 17300/17250/17190.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 36700 to move towards 36800/36950/37150.
On the lower side, the Gann support level is 36400; below that Bank Nifty Index can move towards 36300/36150/35950 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.