Bank Nifty corrects 400 Point from Gann Resistance Zone,EOD Analysis

Monday, January 2 Leave a Comment

As discussed in Last Analysis Now Bank Nifty needs to close above 18250 for a move towards 18524/18739. Bearish below 18000 for a move towards  17800/17600/17420. High made today was 18249 and Low made was 17850 and closed below 18000. So 18250 remain the bone of contention for Bulls and Bears had a field day on 1 trading day of year where they move almost 400 point from the Gann Resistance zone of 18250 and stopped exactly at gann support zone as shown in below chart. Now for next 2 days close above 18000 will again see a move towards 18250 /18400. Close below 17920 down move continue till 17800/17600/17420.  Traders New Year's Resolutions for 2017
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