Nifty Bank Nifty Gann Analysis for 29 July

Today both indices opened a gap-up above the discussed resistance levels 16730/37050. Then from there, both continued to move upwards & ended the day on a strong positive note.

Now Nifty bulls need to hold the 16877-850 zone for further rally. And on the upside, the 16990-17020 zone will be crucial resistance for bulls in tomorrow’s session. 

The Bank Nifty now needs to preserve the 37100-37050 zone to rally further. And on the upside, 37450 will act as resistance in tomorrow’s trading session. 

nifty resistance for bulls

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16970 to move towards 17020/17080/17150/17230.

On the lower side, the Gann support level is 16870; below that Index can move towards 16820/16760/16690/16610.

bank nifty resistance for bulls

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 37450 to move towards 37600/37800/38050.

On the lower side, the Gann support level is 37100; below that Bank Nifty Index can move towards 36950/36750/36500.

Note: The above levels are for educational purposes. 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.