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.