Bank Nifty reacts from Supply zone, EOD Analysis for 07 Oct

• As disused  in Yesterday Analysis  Now 17819/17831 needs to be observed closely as its gann trendline resistance as shown in 2 chart,  crossing the same we can see move back to 18200 unable to close above 17831 can see pullback to 17400/17200 in coming days. High made today was 17827 and low made 17493, as Bank nifty respected the demand and supply area,Any break below todays low can see bank nifty moving towards 17201/16900 in short term and closing above 17831 we can move towards 18000/18100 in short term.

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