Today both indices opened gap-up and continued to move further higher. Then around 12:30 pm, both indices faced resistance at the Gann Square level and gave up some of the gains. But still, both indexes closed in green with over 1% gains.
Until the Nifty is holding the 17720-695 zone, the bulls are in a strong position. And on the higher side, the 17930-950 area is the resistance.
And in Bank Nifty 41600-700 zone is crucial. If the Bank Index breaks and holds above that zone, then it can move further higher. On the lower side, the 41200-41010 zone is the support.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17870 to move towards 17910/17960/18020/18090.
On the lower side, the Gann support level is 17780; below that Index can move towards 17740/17690/17630/17560.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 41600 to move towards 41750/41950/42200.
On the lower side, the Gann support level is 41300; below that Bank Nifty Index can move towards 41150/40950/40700.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
