Both indices opened lower today and bounced off support from SOC levels. However, both moved down a bit more around 11:15 am and closed marginally positive.
Tomorrow, Nifty’s intraday trend may be determined by the 18530 level, while the 18450-30 zone can support the Index significantly.
The Bank Nifty needs to break & sustain above the 43800 level to resume advancing. On the lower side, the 42600-500 zone is major support.
Nifty Intraday Gann levels
A break & hold above 18530 will help Nifty bulls move towards 18580/18640/18730.
The Gann support level is 18430; below that, the Index can move toward 18380/18320/18230.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 43800 to move towards 43950/44150/44400.
On the lower side, the Gann support level is 43500; below that Bank Nifty Index can move towards 43350/43150/42900.
Note: The above levels are for educational purposes. Not Buy/Sell advice.