Tuesday, October 4

Bank Nifty forms DOJI after RBI Event, EOD Analysis

  •  As discussed in Last analysis  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 that 20000. High made today was 19747 and bank nifty turned back so bank nifty reacted for the zone of resistance, formed a doji pattern, Now bulls need a close above 19732 for a move till 19811 and 20000. Bears will now get upper hand only on break of 19451.  Till we are forming higher highs and higher low no point in shorting bank nifty, stay on long side or stay on sidelines.  Why Traders Suffer from Need to be in Trade Syndrome
bank-nifty-zone-of-supply

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