Green’s Dictionary of Slang

nance v.

[nance n.]

(US) to act or speak in an effeminate or homosexual manner.

[US]K. Brasselle Cannibals 283: ‘Good Lord,’ he nanced, ‘is nothing safe?’.
[US](con. 1940s) E. Thompson Tattoo (1977) 243: ‘Ok, Buck,’ he nanced in a high voice.

In derivatives

nancing (adj.)

effeminate or homosexual in manner.

[US](con. 1945) E. Thompson Tattoo (1977) 317: Yet there was nothing prissy or nancing about him.