Bank Nifty continue to trade below gann angle,EOD Analysis

Wednesday, December 21 Leave a Comment

As discussed in Last Analysis  Unable to cross 18250 Bank nifty can further see a fall below 17910/17800. The range is broken after 21 trading sessions and also closed below the gann angles support zone, Next 2 days are very crucial as bulls can attempt another close above 18250 and moving higher towards 18500/18750. Till below 18250 bears are in control and can push index towards 17910. High made today was 18167 so still unable to close above 18250 and low made was 18043 so still 18000 proving a strong support, as seen in below chart 18000-17910 is an important support zone, so holding the same we can see a fast move in next 2-3 days. Bulls will get firepower only above 18200 only for a move towards 18500-18700. How Your Brain Stops You From Being A Trader
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