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Trade Set-Up for 11 August Weekly Expiry

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Today both indices recovered quickly from the morning lows and then traded within a narrow range for the whole session.

The 17490-440 zone will play a crucial role for the Nifty bulls. And below that, the major support is at the 17320-290 zone. On the higher side, the 17611-630 zone can act as a hurdle for the bulls.

Still, the 38200-300 is a crucial resistance zone for Bank Nifty Index. And on the downside, the major support is at the 37950-700 zone.

nifty traded within a narrow range

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17570 to move towards 17610/17660/17720/17790.

On the lower side, the Gann support level is 17470; below that Index can move towards 17430/17380/17320/17250.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 38400 to move towards 38500/38650/38850.

On the lower side, the Gann support level is 38150; below that Bank Nifty Index can move towards 38050/37900/37700.

Note: The above levels are for educational purposes. 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.