Bank Nifty does gann target of 18550,EOD Analysis

As discussed in past analysis  Bank Nifty reacted from gann arc furiously , closed at 18674 below 18700 suggesting bears have become active. Now we can see fast move towards 18550 if we do not close above 18700 tomorrow for 1 hour. Bullish on close above 18780 for target of 18900/19103. Bank Nifty made low of 18551 doing our target below 18700 and close just at 18690. Bank Nifty is still trading between the gann arcs, suggesting we should get breakout soon either on close above 18710 or below 18550 for 250-300 points move. Bulls will become active above 18720 and we can see fast move towards 18968. Bears now will become active below 18550 for a move till 18398. Trading Lesson Learnt From my Trading Guru Part-II

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