Nifty Bank Nifty Trade Plan for 13th December

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 support the Index significantly

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 support the Index significantly

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.

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.