Bank Nifty near Gann Support, Will it bounce or breakdown ?

Monday, March 20 Leave a Comment

As discussed in Last Analysis  Long above 21300 for a move towards 21450/21500. Bearish below 21000 for a move towards 20800/20600. High made today was 21202 and low made was 21084 so we continue to trade in the range, 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 20200/20300. 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. The Black Belt Story

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