Wednesday, August 17

Bank Nifty continue to close above 19000,EOD Analysis

As discussed in Last analysis  Now Bulls again need close above 19158 for move towards 19500 and bear will get active only on close below 18500, in between its just time correction. Bank Nifty closed above 19000 for second day in a row but failed close 19150 high made was 19138, It has been 25 days bank nifty is trading in range of 600 points  18450-19150 , suggesting break and close above 19150 or 18450 can see fast move of 600 points suggesting time correction is taking place and we have been discussing the same in past analysis. Bulls need close above 19158 for target of 19500/19650, Bears below 18450 for target of 18222/18000.   Do You Trade Market or Your Emotions?
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