Trade Set up for Tuesday: Nifty Bank Nifty Intraday Levels

Even after a strong weekly close, Nifty & Bank Nifty opened gap down. Both tried to recover, made high near Gann levels, which we discussed in our analysis, and again went down.

The 15640-700 is a decisive support zone for Nifty bulls.

Holding below that will put more pressure on bulls, and Index can re-visit 15570/15450 levels. For reversal, bulls need the close above 15855 levels.

Bank Nifty 34900-850 zone is crucial. Below that, it can fall more. Reversal is possible on close above 35400-600 zone

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15790 to move towards 15820/15860/15910 levels.

On the lower side, the Gann support level is 15700; below that Index can move towards 15670/15630/15580.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35250 to move towards 35400/35600/36850.

On the lower side, the Gann support level is 34900; below that Bank Nifty Index can move towards 34750/34550/34300. levels.

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.