Friday, July 22

Bank Nifty reacts from gann arc,EOD Analysis

As discussing in past analysis  Till we are holding 18896 we can see move till 19103/19230, Bearish only close below 18700. Today Bank Nifty closed at 18968 so bulls held on to 18896 and gann lower arc suggesting they are still in play and expect big move in next 2 days, Holding the same target are 19103/19230, Bearish on on close below 18700 for move till 18546-18500. Bank Nifty reacted from gann arc furiously and also reacted from gann arc, and 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  When not to Trade
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