Bank Nifty break 18967,EOD Analysis

Saturday, January 21 Leave a Comment

 As discussed in Last Analysis  Bulls are protecting 18967 and also for 2 day closing above 19100 suggesting they are having upper hand but need to move fast from this zone  towards 19400/19600 else as soon as prices starts trading below 18967 bears will show an impulsive decline towards 18740/18500. High made today was 19072 so bank nifty traded below 19100 and as soon as 18967 bank nifty corrected till 18793 almost near our target of 18740. Now bears need a close below 18740 for a move towards 18500 where there is good support. Bullish only on close above 18966.  A Person who won’t stand for something will fall for anything..
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