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Nifty Bank Nifty Analysis for 04th January

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After opening flat to down today, both indices moved higher today and closed mildly in the green.

The break and hold of the 18250-260 zone tomorrow could determine Nifty’s intraday trend for the day, while support could come from the 18170-200 zone.

The close above 43400 is slightly positive for Bank Nifty, and bulls must now hold the 43200-100 zone to progress towards 43600/900.

slightly positive for Nifty

Nifty Intraday Gann levels

A break & hold above 18260 will help Nifty bulls move towards 18290/18330/18380/18440.

The Gann support level is 18200; below that, the Index can move toward 18170/18130/18080/18020.

slightly positive for Bank Nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 43650 to move towards 43800/44000/44250.

On the lower side, the Gann support level is 43300; below that Bank Nifty Index can move towards 43150/42950/42700.

Note: The above levels are for educational purposes. Not Buy/Sell advice.

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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.