The last analysis levels worked fine.
Today, as expected, the Nifty and Bank Nifty Index fell. We discussed this yesterday market can take a pause here before the next vital move.
The downside may remain limited with a tight range of movement until the Index did not sustain below the 15170 levels. On the higher side, the 15270-280 range is decisive.
Likewise, in Bank Nifty Index, the downside seems limited until the Index is holding 34600-700 range.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15260 to move towards 15290/15330/15390 levels.
On the lower side, the Gann support level is 15170; below that Index can move towards 15140/15090/15020.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 34950 to move towards 35100/35300/35700.
On the lower side, the Gann support level is 34600 below that Bank Index can move towards 34450/34250/33850 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
