Today both indices opened a gap-down near the Gann Square Support level. As both indices were at the support level, a bounce back came, which helped both indices to erase some of the early losses. But even after that bounce, both closed in the red.
In tomorrow’s session, the 17280-295 zone will play a crucial role in deciding the Nifty Intraday trend. And on the lower side, the 17155-140 zone will act as support.
For Bank Nifty 39300-39350 range is crucial. And for further upside Bank Index has to break and sustain above that zone. On the lower side, the 39050-38800 zone is the support.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 17290 to move towards 17330/17380/17440/17510.
On the lower side, the Gann support level is 17190; below that Index can move towards 17150/17100/17040/16970.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 39350 to move towards 39500/39700/39950.
On the lower side, the Gann support level is 39000; below that Bank Nifty Index can move towards 38850/38650/38400.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
Image and article originally from www.diveshtechanalysis.com. Read the original article here.