Bank Nifty does 250 points above 22500,EOD Analysis

Thursday, May 4 Leave a Comment

As discussed in Last Analysis   So bank nifty continue to trade in the range we discussed 22180-22500, trend trades sit on sidelines till range in broken, scalpers buy low sell high till range in broken.  Bank Nifty opened with gap up 22618 but came down to touch the breakout zone made low of 22450 and zoomed above 22500 for 250 points move as high made was 22743. Holding 22700 we can see up move towards 22940/23330. Bearish below 22500 for a move towards 22350/22200 Trading Sins

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