Today both indices opened a gap-down. Then both regained some gains. But soon, bears again pulled both the indexes lower.
The 16820-16790 zone will play a crucial role tomorrow in deciding the intraday trend. If Nifty sustains below that, then it can fall towards 16730/16660 levels. And on the higher side, the 16900 & 16990 are resistances.
For Bank Nifty, the 37800-38200 range is crucial. Either side’s break withholding will decide the trend for tomorrow’s session.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16920 to move towards 16960/17010/17070/17150.
On the lower side, the Gann support level is 16820; below that Index can move towards 16780/16730/16660/16590.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 38200 to move towards 38350/38550/38800.
On the lower side, the Gann support level is 37900; below that Bank Nifty Index can move towards 37750/37550/37300.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
