The last analysis levels worked perfectly.
The market continued its Monday gap-down movement. Both Nifty and Bank Nifty today exactly took the support from the levels discussed in last Monday’s analysis.
The 30400-30000 was the support range for Nifty Bank Index, and 14190-250 was the support range for Nifty, both the levels were discussed in advance.
From a broader perspective, the range mentioned above will play a crucial role in further downside movement.
For tomorrow’s session, the 14390-14420 range in Nifty 50 will play a crucial role. On holding above that, Index can show good upside.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 14390 to move towards 14430/14490/14570 levels for tomorrow’s session.
On the lower side, the Gann support level is 14290 below that Index can move towards 14250/14190/14080 levels.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 31325 to move towards 31450/31750/32100 levels for tomorrow’s session.
On the lower side, the Gann support level is 30950 below that Bank Index can move towards 30800/30600/30200 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.