Bank Nifty continue to trade near breakout zone,EOD Analysis

Tuesday, January 17 Leave a Comment

As discussed in Last Analysis   Any close above 19100 can see fast move towards 19400. Strong support in range of 18700-18740. Short term correction till 18800-18700 can be seen once we start trading below 18966. Gann Positive cycle continue to show its positive effect as we are now up almost 859 points from the low of 10 Jan  Bank Nifty opened at 19128 did 19200 but faced resistance at gann resistance zone, as seen in below chart and saw correction till 18981 unable to go below 18966 closed again at 19067 our gann number but  below 19100.  Bulls need a close 19100 for a move towards 19400 and Bears below 18950 can see move towards 18800/18750 Do not Strike when Angry
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