Saturday, March 19

Bank Nifty Breaks gann trendline,EOD Analysis

  •  As discussed in last analysis Bank Nifty opened above the gann resistance line but was unable to sustain above it, but closed above the gann arc as shown below suggesting bulls are still in control. Bank Nifty made low near the gann support of 15452 and bounced back sharply above 15555, the way bank nifty was facing difficulty near 15555-15580 was due to gann resistance line, Holding the same Bank Nifty can scale towards 15800/16000 which is the next horizontal line of resistance.  Bank Nifty  Support has increased to 15400-15450, Resistance in range of 15750-15800.  How To Get What I Want
Gann Line crossing


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