0Banknifty took the support of Gann Degree Number 20400 zone, and we saw reversal towards Gann Number 21100 making top @ 21199 but closed below 21100, @ 21035.
If Banknifty sustains above 21100, then we can see a move towards 21500/21800 and higher levels of 22500. Breaking below 20400, it may go down to 19700/19000 levels.
On the Hourly chart, Banknifty took support @30-EMA that coincided with the 20400 zones. So on hourly chart supports are @20400 followed by 20100. Resistance @ 21450.
On Daily Gann Box, Banknifty took resistance of angle. So for upmove, it needs to break the angle level. So it needs to break 21100. The next resistance is @ 21220. So 21100-21220 may act as strong resistance.
Banknifty reversed from Weekly Angle.
On Daily Vix Gann Box, Time Factor suggests a directional move (reversal/continuation). Also, it formed Double Bottom.
To summarise, above 21100 targets are 21220/21450/ 21800. Below 21000 marks are 20400/20100/19700.
