Bank Nifty Technical Analysis for Feb Expiry

Wednesday, February 22 Leave a Comment

As discussed in Last Analysis   20750 done today so traders who missed the big gap up on Friday were able to enter when bank nifty came down and are rewarded more than 400 points in 2 days for there patience,Waiting for the trade to come is the art every trader need to develop to be successful.  As we have closed well above 20750 we are heading towards 21080-21100 where resistance comes as per gann angles shown below, Bearish only on close below 20450 for a move towards 20333/20150.  High made today was 20958 so still we are not able to do our target of 21000-21100, Till 20750 is held we will be able to achieve the target. Bulls need a close above the green arc for the impulsive move to happen. Bearish only on close below 20500.  The Role of Regret in Trading


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