Thursday, June 23

Nifty heading towards gann trendline,EOD Analysis

As discussed in Yesterday Analysis   Closing above 8210 is a very bullish sign and holding the same we can move towards 8300/8336/8410 in next few days.Bearish only on close below 8070.  High made today was 8285 and low made was 8188,so 8210 showed effect. We did close at 8204 yesterday this is market way of confusing traders but gann trendline helped us not doing any shorting and today once it moved above 8210 just moved  up impulsively. 22-June is an important gann data as per time analysis till 8153 not broken we can see upside till 8400/8450  near gann trendline as shown in below chart.Bulls will get momentum above 8336 and bears below 8150.  Will Bank Nifty Break Gann arc after holding gann trendline ,EOD Analysis

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