The last analysis levels worked perfectly.
Both the Nifty and Bank Nifty Index did the upside targets discussed last week in this post.
The Bank Nifty today’s close above 33100 is a positive sign.
But around 33430-70 Bank Index may face resistance. Still, there is no sign of weakness unless Index is trading above 32900 levels.
The Nifty 50 Index needs to break and hold above the 14990-15050 Gann levels range for more upside.
Around the 14820-860 range, Nifty bulls have created a short-term solid base, and below that, only Index will see weakness.
Nifty 50 Index Gann Levels
Nifty bulls need to break & sustain above 14970 to move towards 15010/15060/15130 levels.
On the lower side, the Gann support level is 14890 below that Index can move towards 14850/14799/14710 levels.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 33300 to move towards 33450/33700/34100 levels.
On the lower side, the Gann support level is 32900 below that Bank Index can move towards 32750/32500/32100 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
