Bank Nifty Technical Analysis before Budget 2016

•  As discussed in last analysis   Now we have Gann support in range of 13600-13500 range where we can see some bounce back. Bank Nifty made low of 13519 near 13500, near the gann arc and today we saw the bounce back but got resisted at the grey trend line. Now as we have budget on Monday Bank Nifty will see wide range 14272 on upside and 14500 on downside needs to be watched, closing above any one of them can see another 500 points move either side.   Impact of the Union Budget on the Indian Stock Market

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