Bank Nifty Bounces from Gann Support zone,EOD Analysis
As discussed in Last Analysis
High made today was 21616 and low was 21397 so bulls break the 21500
and saw a quick fall towards 21397 which is gann angle support as seen
in below chart, Any close below 21397 we can see fall towards 21220.
Bullish above 21500 for a move towards 21700. Bank Nifty
bounced from the gann angle support low made today was again 21396 and
closed above 21500 suggesting bulls used gann angle support of 21397 to
bounce back, Now holding above 21500 we can see move towards
21620/21700. Bearish below 21390 for a move towards 21250/21100 Traders Success Model
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