Today Nifty and Bank Nifty bounced back. Yesterday both did Gann Price Time Squaring. Now odds are shifting back in favor of bulls.
Soon after opening ‘Hook Timing Method’ gave Buy-side trade signal. That is the worth of true Gann methods.
A weekly close above 35500 will add more strength to Bank Index current rally from 30405 low. And support is at 35000-34900 range.
Above 15680 levels, bulls are in a safe position. On the higher side, 15800-825 will act as resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15780 to move towards 15820/15880/15960 levels.
On the lower side, the Gann support level is 15710; below that Index can move towards 15670/15610/15530.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 35300 to move towards 35450/35700/36100.
On the lower side, the Gann support level is 34990 below that Bank Nifty Index can move towards 34800/34550/34200 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.