Bank Nifty Bounces from Gann Support zone,EOD Analysis

Monday, April 10 Leave a Comment

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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