Bank Nifty does ABCD pattern target, EOD Analysis

• Bulls were  unable to close above 17466 where demand zone lies, Bears today broke the 17170 barrier and closed below it suggesting bank nifty can move sub 17000 zone 16982/16941 is where the support lies. Bank Nifty under performed on downside as gann arc support was held strong but if 17060 gave away we can see bank nifty going towards extended target of ABCD pattern 16941/16790 as shown below today,Resistance is at 17200/17331. Breakout only on close above 17466 and breakdown close below 16964. . Do You Fear Overnight Trading Positions

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