Nifty Bank Nifty Recover Smartly, can They Close Above 17100 & 36400?

Today Nifty and Bank Nifty opened on a flat note. Then both fell nearly 2%, and within a few minutes, both jumped higher and ended the day on a flat note.

For further rally Nifty bulls need to sustain above 17100 to move towards 17185/17260 levels. On the downside, the 16990-980 zone will act as the support

And Bank Nifty needs to sustain above 36300-400 zone to move towards 36700/37100 levels. On the downside, the 35800-650 zone is the support. 

rally Nifty bulls

Nifty Intraday Gann Levels

Nifty needs to break & sustain above 17070 to move towards 17100/17140/17190/17250.

On the lower side, the Gann support level is 16990; below that Index can move towards 16960/16920/16870/16810.

rally Nifty bulls

Bank Nifty Intraday Levels

Bank Nifty needs to break & sustain above 36150 to move towards 36300/36500/36750.

On the lower side, the Gann support level is 35800; below that Bank Nifty Index can move towards 35650/35450/35200.

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

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.