Nifty rallies 100 point holding 8577,EOD Analysis

 As discussed in Yesterday Analysis   Now the zone of 8654-8677 is crucial supply zone, closing above 8677 level again can see fast move till 8849. We have resistance zone at every 100-150 points as market has spend lot of time in this range during the 2015 year. Bearish on close below 8490 only. Holding 8577 again another attempt can be made to break 8650 range.High made today was 8675 , so gann number of 8577 again showed its importance as we got the desired move till 8677. Bulls will need to close above 8677, gann arc tomorrow as its monthly closing and nifty can make next move till 8800/8951. Bearish only on close below 8490 and bullish on close above 8677.Bank Nifty continue to hold 19000,EOD Analysis

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