Bank Nifty Bulls again protect 17666,EOD Analysis

As discussing in past analysis  Till we close above 17666 bulls are in control, We had gap down below 17500 as RBI Governor did not took second term, Most of us including me was expecting big cut in market, But as Market always surprises us and it did again, making a panic bottom and rallying. Now as I always tell we need to be mentally strong in such time and if we have a trading plan it helps in taking right trading decision and getting the max out of it. Bank Nifty again close above 17666 suggesting bulls are in control but to get momentum we need a close above 18051, else bank nifty can trade in range of 17500-18000 and do time correction.

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