Saturday, June 4

Bank Nifty close above 17670,EOD Analysis

  • As discussed in last analysis  Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone. High made today was 17762 at gann arc ,closed abve 17670. As Bulls  closed above 17670 and gann arc suggesting we can see  next move till 18000 and bears will get active only on close below 17500. So Bulls have upper hand now before the RBI Policy, so closing above 17670 we are heading towards 18000.  What goes around comes around
gann arc cross

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