Nifty Bank Nifty Trade Plan for 15th November

Today both indices opened flat. Both then moved lower, and at lower levels, both took support from the SOC Method level and bounced back higher. Then in the last hour, both moved lower again and closed flat in the red.

Tomorrow, Nifty’s intraday trend will be decided by the 18300-280 zone, while the 17380 zone will act as resistance.

For Bank Nifty, 42300 is an important resistance level. On the lower side, support is at the 41950-41800 zone.

Nifty took support from the SOC

Nifty Intraday Gann levels

A break & hold above 18380 will help Nifty bulls move towards 18420/18470/18530/18600.

The Gann support level is 18280; below that, the Index can move toward 18240/18190/18130/18060.

Bank Nifty took support from the SOC

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 42300 to move towards 42450/42650/42900.

On the lower side, the Gann support level is 41950; below that Bank Nifty Index can move towards 41800/41600/41350.

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

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.