Nifty and Bank Nifty today opened with a gap-up. But both took the resistance from the weekly levels and gave up all the opening gains.
Now Nifty bulls need to hold the 18060-50 support zone to bounce back. On the upside, the 18224-240 is the crucial Gann resistance zone.
The 38900-39250 is an important resistance zone for the Bank Nifty. A strong upside will follow above that zone only. On the downside, 38600 and 38300 are the support.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 18140 to move towards 18170/18210/18260/18320.
On the lower side, the Gann support level is 18060; below that Index can move towards 18030/17990/17940/17880.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 38850 to move towards 38950/39150/39450.
On the lower side, the Gann support level is 38600; below that Bank Nifty Index can move towards 38500/38300/38000.
Note: The above levels are for educational purposes only, not Buy/Sell advice.