Bank Nifty reacts furiously from gann arc, EOD Analysis

As discussing in past analysis Bulls needs a close above 18051 for next move 18650-18750, Bears below 17500 for move towards 17350/17055. close above gann arc can see bulls getting momentum on upside. Bank Nifty on thursday made exact high near the gann arc and also did not close above 18051. 16950 Low made on Friday will be very crucial as shown in below 2 charts, If broken we can head towards 16471/16000/15440 in short term. Till 17055 is held on closing basis trend remains buy on dips with target as 17722/18051/18500 in coming 2 weeks.  Its all about Will power, Amazing Story of Girish Gogia

Continue Reading