Will Bank Nifty again bounce from Gann Support zone,EOD Analysis

Tuesday, November 15 Leave a Comment

  • As discussed in last analysis Bulls again failed to close above 20300 on weekly basis,but continue to hold our support at 19732. Bulls need to hold 19732-19650 range for another move towards 20000/20232. Bank Nifty was not able to hold 19732 and gave the fall. Today's low of 19240-19200 is very important support zone as per gann angles shown below,Close above 19300 upmove back towards 19732 and close above 19732 again move towards 20000.  Bears will get active below 19180 for a fast move towards 19000/18750.

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