Tuesday, August 30

Bank Nifty bears unable to capitalize on fall below 19158,EOD Analysis

As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19097 , High near 19248, Bank Nifty bears unable to break 19158 on closing basis and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Sustaining above today's high of 19250 bank nifty can make other move towards 19367 and close above it momentum will again come in bulls favor.  Bulls need a close above 19367 and bears below  19158. How to create new habits?
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