Bank Nifty does 17900 below 18250, EOD Analysis

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. Bank Nifty did the low of 17839 almost did our target of 17800, below 18250. Price almost closed at the gann angle as shown in below chart. Now as we are near support zone again, Holding 17860 Bank Nifty can bounce back towards 18070/18250. Below 17800 move towards 17640/17440.  Thats the beauty of gann it keeps you 1 step ahead.  How Your Brain Stops You From Being A Trader

Continue Reading