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Nifty Bank Nifty Trade Set-Up for 19th October

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Today after the gap-up opening, both indices faced resistance from near yesterday’s discussed levels. Then both remained Rangebound for the whole trading session.

Tomorrow, the 17519-530 zone will play a crucial role in deciding the Intraday trend in Nifty. And on the lower side, the 17420 & 17340 levels will act as support.

For Bank Nifty, the 40450-40050 zone is crucial. Either side break withholding will decide the trend of the day. 

NIFTY zone will play a crucial role

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17530 to move towards 17570/17620/17680/17750.

On the lower side, the Gann support level is 17430; below that Index can move towards 17390/17340/17280/17210.

Bank Nifty zone will play a crucial role

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 40450 to move towards 40600/40800/41050.

On the lower side, the Gann support level is 40100; below that Bank Nifty Index can move towards 39950/39750/39500.

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.