Today both indices opened gap-up and then moved higher further. But around 12:00 am trend began to change, and then both indices gave up all the gains & closed in the red.
The 15700 is a crucial support for the Nifty. If it sustains below that, then it can fall further. And on the upside, the 15810-850 zone will act as the resistance.
The Bank Nifty needs a close above 34050 to rally further. And break and hold below 33700 will put more pressure on the downside.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 15780 to move towards 15830/15890/15960/16040.
On the lower side, the Gann support level is 15680; below that Index can move towards 15630/15570/15500/15420.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 34050 to move towards 34200/34400/34650.
On the lower side, the Gann support level is 33700; below that Bank Nifty Index can move towards 33550/33350/33100.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
