The last analysis levels worked fine.
Today, the Nifty and Bank Nifty Index first traded in the range. Both made lows near the Intraday Gann square level and after 13:00, both broke out on the upside.
Our ‘Trend Square Method’ first gave a perfect signal that a low for the day had formed. Then, soon, it confirmed the Buy entry, too, near 13:40.
That’s the true strength of the original Gann square methods. Gann’s square method in the ‘Trend Square’ course is unique and pays well.
Nifty bulls need to hold the 15590-610 range to carry positive momentum. On the upper side, the 14750-770 zone will act as resistance.
And Bank Nifty bulls need to hold a 35350-35200 range to keep odds in their favor. On the upper side, the 35880-35990 zone will act as resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15720 to move towards 15760/15820/15890 levels.
On the lower side, the Gann support level is 15650; below that, the Index can move towards 15610/15450/15380.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 35750 to move towards 35900/36200/36700.
On the lower side, the Gann support level is 35400; below that, the Bank Nifty Index can move towards 35250/34950/34450 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
