Bank Nifty Bounces after 2111 correction,EOD Analysis

•  Bank Nifty after correcting 2111 points in 11 trading days finally showed some respite to bulls and bounceback, High made today was 15338 and was unable to close above the weekly supply zone of 15320, Bulls need to close above the Weekly supply zone for more rise. Bank Nifty has closed above the gann line also and now has resistance at horizontal line @15380. So the range of 15320-15380 is very crucial closing above it bulls will rise more and unable to do so we can revisit 15000 level again. Keep losses small in order to avoid huge losses

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