Today both indices opened with a huge gap down. Then both started trading sideways, and after that, both moved lower and closed over 2% down.
The 15900-930 is a crucial resistance zone for the bulls. And if the Nifty breaks and sustain above that zone, then only bulls will have a chance; until then, bears have the upper hand.
The 33450-600 is an important resistance zone for the Bank Nifty bulls. And if it breaks and sustains above that zone, then only bulls have a chance. And on the lower side, the 33100 & 32800 are the supports.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 15870 to move towards 15910/15960/16020/16090.
On the lower side, the Gann support level is 15790; below that Index can move towards 15750/15700/15630/15560.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 33450 to move towards 33600/33800/34050.
On the lower side, the Gann support level is 33100; below that Bank Nifty Index can move towards 32950/32750/32500.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
