Today both indices opened higher. But, both faced resistance around 11:00 am from the SOC Method level and moved down.
Tomorrow, Nifty’s intraday trend will be decided by the 18190-220 zone, while 18120 will act as support.
Bank Nifty’s 41400-41100 range is crucial. Any movement on either side will determine the market’s direction. And in case Bank Nifty breaks and sustains below the 40900-800 range, it will become weaker and can move further down.
Nifty Intraday Gann levels
A break & hold above 18220 will help Nifty bulls move towards 18280/18350/18430.
The Gann support level is 18120; below that, the Index can move toward 18060/17990/17910.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 41400 to move towards 41550/41750/42000.
On the lower side, the Gann support level is 41100; below that Bank Nifty Index can move towards 40950/40750/40500.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
