Today Nifty and Bank Nifty fell for the fourth day.
Nifty and Bank Nifty Index both are weak and can fall more. We discussed that in yesterday’s analysis.
Both Nifty and Bank are trading near the important Gann Angle line. Break above the Angle line will bring the bulls back in the game.
Nifty bulls need to sustain above the 15725-760 price zone for recovery. On the downside, the 15670-650 price zone is crucial.
Below 34850-975, price zone Bank Nifty is uncertain, and it can fall more. On the downside, the 34500-600 price zone is important.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15725 to move towards 15755/15805/15855 levels.
On the lower side, the Gann support level is 15670; below that Index can move towards 15640/15600/15550.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 34750 to move towards 34850/35000/35250.
On the lower side, the Gann support level is 34550; below that Bank Nifty Index can move towards 34450/34300/34050 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.