Trade Plan for Wednesday: Nifty Bank Nifty Intraday Gann Levels

12 October 2021

Last Updated: 23 October 2021

Nifty and Bank Nifty started the day on a weak note but ended in the green. Both got support near the levels (17875/38150), which we discussed in yesterday’s report.

Now, to hold the gains, Nifty bulls need to save the 17890-875 zone. On the upside, 18070 is the crucial resistance level.

And Bank Nifty bulls need to hold the 38150-100 zone to extend the rise. On the upside, 38600 is the important resistance level.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 18030 to move towards 18070/18120/18180.

On the lower side, the Gann support level is 17950; below that Index can move towards 17910/17860/17800.

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 38600 to move towards 38750/38950/39200.

On the lower side, the Gann support level is 38350; below that Bank Nifty Index can move towards 38200/3800/37750.

Note: The above levels are for educational purposes only, 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.

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