Bank Nifty continues to trade in range,EOD Analysis

Thursday, April 6 Leave a Comment

As discussed in Last Analysis    Bulls need to cross above 21700 which is gann angle resistance as shown in below chart. Strong support in range of 21330-21374 and till we are trading below 21500 bears can see move till 21330. Bullish only on close above 21700. High made today was 21674 and low made was 21488 dip which came just after policy  so bank nifty traded on border line of both bulls and bears after the RBI Policy. The move time we spend in this range of 200 points better and mature the breakout will be. Plan remains the same Buy  above 21700 for a move towards 21797/21900.Bearish below 21500 for a move towards 21330/21150. Scalpers can trade the range buy low sell higher.  Mastering the Mental Game

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