Nifty Ban Nifty Closed in Green After Sharp Sell-off at the Open

Today Nifty & Bank Nifty both opened with a mild gap up. But soon, both gave up all the opening gains and moved down. Then, around 11:00 am, both indices made the low, jumped upwards & ended the session in the green.

The 17180-17350 is a crucial range for Nifty. Either side breakout with sustainability will decide the trend for tomorrow’s session.

If Bank Nifty fails to hold the 37800-700 range, it can drop more. On the upside, the 38300-400 zone is the resistance.

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nifty the trend for tomorrow's session

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17300 to move towards 17340/17390/17450/17520.

On the lower side, the Gann support level is 17220; below that Index can move towards 17180/17130/17070/17000.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 38100 to move towards 38250/39450/38700.

On the lower side, the Gann support level is 37800; below that Bank Nifty Index can move towards 37650/37450/37200.

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

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.