Bank Nifty continue to trade between gann arc

Thursday, February 16 Leave a Comment

As discussed in Last Analysis  Bullish above 20350 for move towards 20500/20750/21000. Bearish below 20000 for move towards 19750/19500. 15 Feb is important date as per time analysis,hopefully we should see trending move tomorrow.  High made today was 20368 but as bank nifty did not sustain above that level for 5 mins so no longs were taken, Low made was 20115 near Gann Arc which again came to rescue of bulls, Its been 8 trading days we are stuck in gann arc, and we still did not get any trending move as we were expecting. Plan remains the same long above 20350 for a move till 20500/20750. Bearish below 20000 for a move till 19794/19500. How to Prepare for a trading day
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