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Nifty Bank Nifty Trade Plan for 27 May

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Today both indices opened gap-up. But soon, both moved lower, and after finding the support at lower levels, both jumped higher.

Now Nifty bulls have to hold the 16130-16100 zone for further upside. And on the higher side, the 16333-350 zone is the resistance.

Bank Nifty Index has to hold 34900-700 zone for more upside. And on the higher side, 35300 & 35900 are the resistance.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16210 to move towards 16260/16320/16390/16470.

On the lower side, the Gann support level is 16130; below that Index can move towards 16080/16020/15950/15870.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 35300 to move towards 35450/35650/35900.

On the lower side, the Gann support level is 34950; below that Bank Nifty Index can move towards 34800/34600/34350.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.