Tuesday, September 13

Will Bank Nifty Hold Demand Zone, EOD Analysis

As discussed in Last analysis   Bank Nifty still unable to close above 20491 and continue to move down, but still unable to break 20100, Bears need close below 20100 for a quick move towards 19928/19758. Bulls only active above 20491.  Bank Nifty made exact low of 19735 near our demand zone of 19738 and bounced back, Now bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Would like to be able to trade without emotion.

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