Bank Nifty close below 19000, EOD Analysis

Saturday, November 19 Leave a Comment

As discussed in last analysis  Holding the low of 19000 and close above 19140 on hourly basis bank nifty can stage rally towards 19360/19500/19650. Bearish only on close below 19000 for a move towards 18750/18500. Bank Nifty finally closed below 19000 but still trading near the gann angles as shown in below chart, Next Week will be very interesting as we can see move of 400-600 points in 1-2 days as price do not stay near gann angles for long. Bulls will become active above 19000 for a move till 19220/19450. Bears are already active below 19000 and can push nifty towards 18750/18600 till trading below 19000.   The Success Story Of Arnold Schwarzenegger

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