Today both indices opened with a gap-up, but soon both reversed the gains. Then around 10:30 am, both took support from Square level & jumped back near the day high. And over there, both faced resistance from the Square level and gave up most of the gains.
Tomorrow in Nifty, the 17580-550 zone will play an important role.
A sustainable move below that zone can take the index towards 17460/17330 levels. And on the higher side, the 17680-700 area will act as resistance.
And in Bank Nifty tomorrow, the 39500-400 zone is crucial.
If Bank Index breaks and holds below that zone, it can move towards 39200/38800 levels. And on the higher side, the 39800 & 40100 will act as resistance.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17690 to move towards 17730/17780/17840/17910.
On the lower side, the Gann support level is 17590; below that Index can move towards 17550/17500/17440/17370.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 39800 to move towards 39950/40150/40400.
On the lower side, the Gann support level is 39450; below that Bank Nifty Index can move towards 39300/39100/38850.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
