Bank Nifty complete Cypher Pattern,EOD Analysis

• As discussed in Last analysis  Bank Nifty made low of  18444 unable to close below 18550 suggesting bears are still on back-foot as not able to break the market below the support zone of 18550.  Bank Nifty is still unable to close above the gann falling trendline as shown in below figure, so bears need close below 18550 and bulls above 18750 above vertical falling trendline for a trending move to happen of 300-400 points.Also we are falling cypher harmonic pattern suggesting we can see move till 18980 , so both gann and harmonic studies are meeting and signalling move on upside if we close above 18550. Bank Nifty opened gap up and as soon as it moved above 18750 which is above gann line bulls came aggressively and moved the index sharply on upside. Bank Nifty almost did the cypher pattern target, Bulls now need a close above 19158 for a move till 19500.   THE SHARK BAIT STORY

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