Today Nifty and Bank Nifty again opened with a gap above the resistance levels we discussed yesterday. That was a bullish sign for the day. And as a result, both ended the session with over 1.70% gains.
In tomorrow’s weekly expiry session, Nifty bulls need to break and hold above the 17530-550 zone to rally further. On the downside, 17390 & 17320 are the supports.
Until Bank Nifty is trading above the 37150-36950 zone, bulls have the upper hand. On the upside, the 37550-600 zone will act as the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17490 to move towards 172530/17580/17640/17710.
On the lower side, the Gann support level is 17430; below that Index can move towards 17390/17340/17280/16210.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 37450 to move towards 37600/37800/38050.
On the lower side, the Gann support level is 37150; below that Bank Nifty Index can move towards 37000/36800/36550.
Note: The above levels are for educational purposes only, not Buy/Sell advice.