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.
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.
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.