Bank Nifty corrects 500 points from Gann Resistance zone,EOD Analysis

Friday, October 7 Leave a Comment

 As discussed in Last analysis  Bank Nifty opened with gap up High made today was 19816 ner the gann line of resistance near zone of resistance bulls failed to close above 19732, Low made today was 19492 and  Bears were unable to break 19451.  Bear will get upperhand on close below 19451 for target of 19340/19020 and bulls above 19732.  Bank Nifty bears finally broke 19451 and did the target of 19340, now trading below 19340 can see fast move towards 19185/19020. Bulls need a close above 19811 for the getting momentum back in their favor. Common Trading Mistakes

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