Bank Nifty does 20150 above 19800,EOD Analysis

Thursday, February 2 Leave a Comment

As discussed in Last Analysis Yesterday low was at gann arc  was first indication of bank nifty heading higher and today when it trading above it during budget speech was a very big confirmation. Bank Nifty had a range of 615 points as we discussed, It did not break 19360 so bearish were on back foot and as soon as 19800 was taken out we saw the big rally towards 20000 and we should get 20150/20200 by tomorrow. High made was 20147 so we did the target of 20150 as soon as 19800 was broken after Budget speech. Now Holding 20000 next target should be 20250/20470. Bearish only on close below 19800 only.  Common Excuses Made By Losing Traders

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