Today both indices opened down and dropped further. Then around 12:00 pm, both took support from the Gann Square level and jumped higher. But even after that, both closed in the red.
In tomorrow’s session, the 17070-80 zone will play a crucial role in deciding the Nifty Intraday trend. And on the lower side, the 16980 & 16900 will act as support.
For Bank Nifty 38400-150 range is crucial. And on the higher 38700-800 range will act as a resistance.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17080 to move towards 17110/17150/17200/17260.
On the lower side, the Gann support level is 16980; below that Index can move towards 16950/16910/16860/16800.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 38750 to move towards 38900/39100/39350.
On the lower side, the Gann support level is 38400; below that Bank Nifty Index can move towards 38250/38050/37800.
Note: The above levels are for educational purposes. Not Buy/Sell advice.