Tuesday, January 12

Bank Nifty bounces from demeand zone,EOD Analysis

  • As discussed in Last Analysis  Bank Nifty did the final target of shark pattern and showed bounce back, but closed below the demand zone of 16286 Bank Nifty made high of 16229 and was unable to close above 16286, and which increases probability of Bank Nifty going towards 15762/15800. Bullish only above 16300, Low made was 15840 near our target of 15762/15800 near demand zone as discussed in weekly analysis. As per gunner analysis close above 16150 can see bank nifty move towards16286/16320. Fresh short only on 1 hour close below 15762.  Tips to improve trading
Daily Gunner

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