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Nifty Bank Nifty Analysis for 01 September Weekly Expiry

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Updated On:

On Tuesday, both indices opened gap-up, and after consolidation, both rallied further and closed with 2.50% gains.

The Tuesday rally was a surprise. And now, tomorrow, we might open the gap down. So, in that case, it is hard to figure out the crucial levels. But still, below are the levels for tomorrow’s trading session. 

In Nifty, the 17450-460 zone will play an important role. And on the higher side, the 17560-570 zone will act as a resistance. 

The 38900-700 range is a crucial support for Bank Nifty. And on the higher side, 39200-300 will be an important resistance.

support for Nifty

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17560 to move towards 17600/17650/17710/17780.

On the lower side, the Gann support level is 17460; below that Index can move towards 17420/17370/17310/17240.

support for Bank Nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 39200 to move towards 39350/39550/39800.

On the lower side, the Gann support level is 38900; below that Bank Nifty Index can move towards 38750/38550/38300.

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.