Bank Nifty fails to close above 19000 on Monthly basis,EOD Analysis
As discussed in past analysis Bank
Nifty finally was able to close above 19000 only which as per gann
suggests we are entering in next orbit and bank nifty can move till
19374/19509. Bearish only on close below 18711. Now Bulls need a close
above 19158 for next move till 19374/19509. Bearish on close below 18950
for move towards 18711. Bank Nifty failed to close above 19000
and but also unable to close below 18950, suggesting sideways mode,
whipsawing both bulls and bears. The main aim of trader is to take small
SL so to be in the market, Bearish on close below 18950 for a move till
18711 and bullish above 19158 for move till 19374/19509. Enjoy your life at every moment
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