Tuesday, August 2

Bank Nifty ready for big move,EOD Analysis

As discussed in Last analysis  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. Bank Nifty was unable to close above 18814 and also unable to close below 18550 suggesting market taking breather before the GST Bill drama is out. Tomorrow is gann turn date expect impulsive move in market in next 2 trading session as its 2 days it has traded near the gann horizontal line. Tested Classic Stock Trading Rules-II

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