Nifty Bank Nifty Gann Analysis ahead of Union Budget 2022

Today, Nifty & Bank Nifty opened with a gap up. Then, both moved down and made low around 10:45 am. Both continued their upward movement from that low and ended the session in the green.

The 17200-17450 is a crucial zone for Nifty. In tomorrow’s session, either side breakout can give a trending move.

Below 17200, the Nifty can dip towards 17100/16980/16800, and above 17450, it can advance towards 17600/17750/18000 levels.

The 37500-38300 zone will play an important role in tomorrow’s budget session. And either side breakout can give a trending move.

Below 37500, Bank Nifty can fall towards 37200/36800/36200, and above 38300, it can advance towards 38600/39000/39600 levels.

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.