Bank Nifty does 19200 below 19500,EOD Analysis

Wednesday, November 2 Leave a Comment

 As discussed in Last analysis Bank Nifty took support near gann angles as shown in below chart, Holding 19500 we can see upmove towards 19700 but Bulls will get active only above 19700 for quick move towards 19900/20000. Bears below 19500 can quickly push towards 19300/19000. Bank Nifty closed below 19500 and just near the gann support line as shown in below chart, Unable to close above 19500 tomorrow bears will push nifty below 19300/19000. Bulls will get active above 19700 only in between choppy moves. Bank Nifty closed below 19500 yesterday and did the target of 19300 also in gap down as bank nifty was not able to close above gann angle, now the range of 19100-19113 is very important holding the same  and moving above 19252 can see move till 19543.  Close below 19000 can see fast move till 18850. Traders should -Specialize or Diversify

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