Bank Nifty forms Hammer near gann arc,EOD Analysis
- As discussed in last analysis Now Bank Nifty is near its 200 W SMA, which if broken on weekly closing basis can see Bank nifty declining all the way till 12500-12800. Next demand zone lies 13600. Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above 14338. Till it do not close above 14338 any rise will be short covering rally if and when it comes. Finding a 100 Percent Accurate Trading System
posted by Bramesh at
10:30 AM
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