Nifty Bank Nifty Trade Plan for 22nd November

Today both indices opened down, and then for the entire session, both traded within a small range.

Nifty’s intraday trend tomorrow will be determined by the 18100-080 zone, while 18260 can act as a significant hurdle on the upside.

The 42550-600 zone is a critical resistance zone for Bank Nifty. The lower side of the chart has support at 42200 and then 41900.

resistance zone for Nifty

Nifty Intraday Gann levels

A break & hold above 18220 will help Nifty bulls move towards 18260/18310/18370/18440.

The Gann support level is 18120; below that, the Index can move toward 18080/18030/17970/17900.

resistance zone for Bank Nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 42500 to move towards 42650/42850/43100.

On the lower side, the Gann support level is 42200; below that Bank Nifty Index can move towards 42050/41850/41600.

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.