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Today after a flat opening, both indices did low near the support levels 16440/36300 that we discussed in yesterday’s post. And from there, both indices jumped higher and closed with a nearly one percent gain.
Now Nifty bulls need to hold the 16590-540 zone for further rally. And on the upside, the 16690-730 zone will be crucial for bulls in tomorrow’s session.
The Bank Nifty is back near the 36950-37050 resistance zone, which can act as a crucial hurdle for the Bank Index bulls. And on the lower side, 36600 will act as support for tomorrow’s trading session.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 16730 to move towards 16770/16820/16880/16950.
On the lower side, the Gann support level is 16630; below that Index can move towards 16590/16540/16480/16410.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 36950 to move towards 37100/37300/37550.
On the lower side, the Gann support level is 36600; below that Bank Nifty Index can move towards 36450/36250/36000.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
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Image and article originally from www.diveshtechanalysis.com. Read the original article here.