Bank Nifty continue to hold 21000, EOD Analysis

Tuesday, March 21 Leave a Comment

As discussed in Last Analysis   We are also approaching the gann angle support so if 21000-21040 range is held we can again see a bounce back. Long can be taken in the range of 21040-21000 range if and when it comes for a move towards 21200/20300. Breakout on close above 21300 for a move towards 21450/21500. Bearish below 21000 for a move towards 20800/20600. Big move can be seen in next 2 days as per time cycle. Bank Nifty broke 21000 today made low of of 20967 but closed above 21000 thus whipsawing traders who took short trades. Close is above 21000 and also near gann angles suggesting big move round the corner. Longs can be taken near 21000 for a move till 21120/21220. Breakout only  on close above 21300. Bearish below 20950 for a move till 20850. Range of 20850-20880 is important demand zone once 21000 is broken.  Trade Outside Your Comfort Zone

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