The big upside move happened on Friday and today, the same we discussed last analysis. Nifty and Bank Nifty took support from Gann level, which we were discussing in past reports.
Now to keep this bullish momentum Bank Nifty needs to hold the 36220-36190 zone. On the higher side, 36650 is the resistance level.
For further upside, Nifty bulls need to hold the 16850-840 zone. On the higher side, 16950 and 17020 are the resistance levels.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 16950 to move towards 17980/17020/17070/17130 levels.
On the lower side, the Gann support level is 16860; below that Index can move towards 16830/16790/16740/16680.
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 36200; below that Bank Nifty Index can move towards 36050/35850/35600 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
