Bank Nifty Daily Analysis as we approach Monthly closing

Tuesday, May 30 Leave a Comment

As discussed in Last Analysis    Bank Nifty failed to close above 23300, but managed to hold the gann angle where it did breakout, holding the same attempt will be made to move towards 23300/23600. Bearish below 22900 for a move towards 22740/22500. Bank Nifty continue to hold on to its gann angle level as shown in below chart and bounced and made the high of 23337 and closed above 23000. So Bulls bounced from gann angle and also closed above 23300 suggesting we can see a rally towards 23500-23600. Bearish below 22900 only. As we approach the monthly closing tomorrow which is also gann pressure date good move can be seen in next 2 days.   How I Deal with Trading Losses
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