Today both the indices opened gap-up, near the Gann square resistance level. Then, both started moving downwards and ended the session in the red.
Bears are in control until the Nifty is trading below the 17190-200 zone. And they can take Nifty towards 17010/16900 levels if bulls fail to move back & sustain above the 17190-200 zone.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17190 to move towards 17230/17280/17340/17410.
On the lower side, the Gann support level is 17100; below that Index can move towards 17060/17010/16950/16880.
Bank Nifty bulls need to break & sustain above 36300 to get the control back. On the downside, 35500 is the major support level.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 36300 to move towards 36450/36650/36900.
On the lower side, the Gann support level is 35950; below that Bank Nifty Index can move towards 35800/35600/35350.
Note: The above levels are for educational purposes only, not Buy/Sell advice.