Bank Nifty continue to trade between gann arc,EOD Analysis

Monday, February 13 Leave a Comment

As discussed in Last Analysis Bullish above 20350 for a move till 20500/20700/21000 and bearish below 20150 for a move till 20000/19850. As per time analysis expect a trending move in market in next 2 days. High made today was 20308 so bulls did not break 20350 but lower end of range was broken as low made was 20116 whipsawing traders who went short. Gann Arc again came to rescue of bulls, Its been 6 trading days we are stuck in gann arc suggesting trending move is round the corner, We were expecting the move to come but market did not oblige, cycles gets delayed by 1-2 days lets see if the move comes in next 2 days, Bullish above 20350 for move towards 20500/20750/21000. Bearish below 20000 for move towards 19750/19500.  3 Keys to Money Management
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