Nifty has jumped over 200 points after closing above the 16350. This jump was expected, which we discussed in the last report. Bank Nifty too moved up, but not sustaining on the higher levels.
Now to scale higher Nifty bulls need to hold the 16480-470 zone. On the higher side, the 16560-590 is the Gann resistance zone.
Bank Nifty needs to break and sustain above 36350 levels for a further up move. On the downside, the 35950-35890 is the Gann support range.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 16600 to move towards 16630/16670/16720 levels.
On the lower side, the Gann support level is 16530; below that Index can move towards 16500/16460/16410.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 36200 to move towards 36350/36550/36800.
On the lower side, the Gann support level is 35900; below that Bank Nifty Index can move towards 35750/35550/35300 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.