Nifty and Bank Nifty fell in the first half. In the second half, both jumped back by taking the support from the Gann levels, which we discussed in yesterday’s analysis.
The Positional support zone for Nifty is the same 16480-470, which bulls need to hold for further upside.
Bank Nifty precisely took the support from the range (35600-800) discussed in the weekly analysis. That’s a crucial support zone for Bank Index. And on the higher side, the 36200-350 is the resistance zone.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 16630 to move towards 16660/16700/16750 levels.
On the lower side, the Gann support level is 16560; below that Index can move towards 16530/16490/16440.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 36000 to move towards 36150/36350/36600.
On the lower side, the Gann support level is 35700; below that Bank Nifty Index can move towards 35550/35350/35100 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.