bank nifty resistance for bulls

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Today both indices opened a gap-up above the discussed resistance levels 16730/37050. Then from there, both continued to move upwards & ended the day on a strong positive note.

Now Nifty bulls need to hold the 16877-850 zone for further rally. And on the upside, the 16990-17020 zone will be crucial resistance for bulls in tomorrow’s session. 

The Bank Nifty now needs to preserve the 37100-37050 zone to rally further. And on the upside, 37450 will act as resistance in tomorrow’s trading session. 

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16970 to move towards 17020/17080/17150/17230.

On the lower side, the Gann support level is 16870; below that Index can move towards 16820/16760/16690/16610.

bank nifty resistance for bulls

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 37450 to move towards 37600/37800/38050.

On the lower side, the Gann support level is 37100; below that Bank Nifty Index can move towards 36950/36750/36500.

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