Monday, May 23

Will Bank Nifty break 16350,EOD Analysis

As discussed in last analysis   As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall till 16300-16250. Bullish only on close above 16792.  we need to see a follow up down move on Monday below 16431 for a fall till 16349/16200. Low made today was 16368 almost doing 16349, If we close below 16349 tommorw we can fall till 16000 till expiry, BUllish only on close above 16431.How trading brain Works ?

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