Monday, June 6

Bank Nifty holds 17670 before RBI Policy,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 17754 at gann arc ,closed just above 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 as shown in below gann chart. So Bulls have upper hand now before the RBI Policy  Mental Toughness Required by Traders Part-I
resistance

Continue Reading

0 Comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to Post Comments [Atom]

<< Home