Bank Nifty entering in Supply zone, EOD Analysis

•  As discussed in Last analysis  Bulls need a close above 19451 for target of 19732/19811. Only on close above 19811 Bank nifty can move towards 20000/20212/20571. Any close below 19000 will see fast move towards 18800/18500. This can be the overview for the October series. Bulls broke 19451, did 19611 and now waiting for 19732. Range of 19650-19732 is very crucial range unable to cross them we can see another downmove towards 19451 and 19300, Close above 19732 can see fast move till 19811 and above than 20000. RBI Policy will be declared at 2:30 PM tomorrow.   Where learning ends, beginning of practice happens and that is transformation !!

Continue Reading