intraday trend of the Nifty

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On Tuesday, Nifty and Bank Nifty opened with more than a 1% gap-up. And during the whole session, both continued to move upward only. And both closed the day with more than 2% gains.

In tomorrow’s session, the 17280-240 zone will play a crucial role tomorrow in deciding the intraday trend of the Nifty. Until the Nifty is above the 17280-240 zone, it can reach 17500/17800 levels. And on the higher side, the 17420 & 17499 are resistances.

For Bank Nifty 39050-38800 range is crucial. And until Bank Nifty is trading above that zone, it can go towards 39600/40100 levels. And on the higher side, 39350 & 39700 are the resistances.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17380 to move towards 17420/17470/17530/17600.

On the lower side, the Gann support level is 17280; below that Index can move towards 17240/17190/17130/17060.

intraday trend of the Bank Nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 39250 to move towards 39400/39600/39850.

On the lower side, the Gann support level is 38900; below that Bank Nifty Index can move towards 38750/38550/38300.

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.

By Divesh