Monday, August 1

Bank Nifty does 18700 below 18950, EOD Analysis

As discussed in Last analysis   Bearish on close below 18950 for move towards 18711. Bank Nifty moved above 19000 but came down below 18950 hitting SL on long, but short were rewarded handsomely as it did the target of 18711. Further bearishness can be seen below 18550 for move till 18280/18070. For next 2 days close above 18814 can see fast move till 19000. Bullish above 19158 for move till 19374/19509.  Tested Classic Stock Trading Rules-I
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