Today both indices opened gap-up and then continued to move higher. But around 11:30 am, both indices faced resistance at the Gann Square level, and from there, both started falling and gave up all the gains. Then around 1:00 am, both indexes took the support from the Gann square level and moved higher. Overall it was a highly volatile session, and both indexes managed to close in the green.
Nifty Bulls need to hold the 15490-510 zone to maintain today’s positive move. And on the upside, 15650 will act as the resistance.
The Bank Index is weaker below the 33050-33200 zone. And to gain the bullish momentum, it needs the close above that. On the downside, 33000 & 32700 are the supports.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 15610 to move towards 15650/15700/15760/15830.
On the lower side, the Gann support level is 15510; below that Index can move towards 15470/15420/15360/15290.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 33300 to move towards 33450/33650/33900.
On the lower side, the Gann support level is 32990; below that Bank Nifty Index can move towards 32850/32650/32400.
Note: The above levels are for educational purposes. Not a Buy/Sell advice.
