Today, both indices opened with the gap up. Then moved higher and then both indices traded in a small tight range.
Bears are in control until the Nifty is below the 17200-240 zone. And they can take the Index towards 16500 levels if bulls fail to move above the 17220-240 zone.
The 35900 is a crucial level for Bank Nifty. And if Bank Index holds that level, then it can bounce back towards 36800/37100 levels. But if it fails to hold 35900, then it can move towards 35500/35100 levels.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17160 to move towards 17200/17250/17310/17380.
On the lower side, the Gann support level is 17070; below that Index can move towards 17030/16980/16920/16850.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 36500 to move towards 36650/36850/37100.
On the lower side, the Gann support level is 36150; below that Bank Nifty Index can move towards 36000/35800/35550.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
