Will Bank Nifty break gann arc, hit 21000,EOD Analysis

Wednesday, March 1 Leave a Comment

As discussed in Last Analysis Bank Nifty continued to trade below 20750, made low of 20560 still did not meet our target of 20500.Bullish only on close above 20800 for a move towards 21000/21200.  Bank Nifty did not did our target of 20500 and whipsaw the trade as we went up and close above 20750 thus stoping out trades who were short, As we also failed to close above 20800 so both bulls and bears are in neutral zone. Close above 20850 we need to enter the green arc Bulls can again scale back to 20200/202500. Bearish below 20750 for a move towards 20500/20300.

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