Bank Nifty breaks gann arc in style,EOD Analysis

•  As discussed in last analysis   The range is important as its falling in gann 1 arc and near gann trendline as shown in below chart, so break of 15500 or 15800 will give another 250-300 point move.Nifty made low of 15762 and opened above the gann arc, and once 15800 was broken gave the 300 point move we were looking for. Never follow new, follow levels with proper risk management market has everything factored in.16200-16229 is important supply zone for bank nifty, closing above it  we can see move towards 16800 on/before RBI policy. Support will increase to 15700-15750 range.  Which type of a trader are you?

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