Bank Nifty unable to close above gann trendline,EOD Analysis
- We
expected a move of 400-500 points above 15452, Bank Nifty did 300
points move High made was 15704, 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. Close
above 15555 is required for next leg of upmove and close below 15136 is
required for serious correction. After a big rally we saw in 1 week of
march bank nifty is just doing time correction by trading in a range.
Support has increased to 15250-15300, Resistance in range of
15660-15700. How to fight with Trading Emotions
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