Bank Nifty Again Bounce from Gann Angle,EOD Analysis

Saturday, November 26 Leave a Comment

As discussed in last analysis Low made yesterday was 18216 but closed above 18250 again near the gann angle support zone as shown in below chart. Holding 18250 bank nifty can again bounce till 18500/18721 below 18200 fall towards 18000/17850. Low made was 18266 near our gann support zone of 18250 as seen in below chart and High made was 18546 near our initial target of 18500 and closed above 18500 suggesting 18721 is the next target. Thats the Beauty of gann analysis it keeps you ahead of the curve and give that extra edge. Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only below 18200.

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