Today both indices opened gap down. But soon, both jumped back higher and managed to close flat.
Until the Nifty is holding the 16450 (on a closing basis), the bulls are in a strong position and can take the index towards 16950 levels. On the higher side, 16670 is the resistance.
The Bank Nifty has many supports between the 35200-34900 zone. So, bulls have to hold that area to bounce. On the upside, the 35450-600 zone is the resistance.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16610 to move towards 16650/16700/16760/16830.
On the lower side, the Gann support level is 16510; below that Index can move towards 16470/16420/15360/15290.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 35150 to move towards 35000/34800/34550.
On the lower side, the Gann support level is 35450; below that Bank Nifty Index can move towards 35600/35800/36050.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
