Bank Nifty bounce from Gann Angle,EOD Analysis
As discussed in Last Analysis
Bank nifty made low of 23311 doing our 1 target of 23300 below 23400
and also closed at 23391 , suggesting bears are having upper hand and
can push nifty towards 23300/23170/23000. A Note of Caution as per below
charts Nifty is trading near the crucial 1x1 line which has give
multiple support in past 3 time, Will it again bounce back. Bulls get
active above 23477 for a move towards 23760/23900. 17 June is important
trend change date as per geometric time cycle as it being holiday we
should see effect either tomorrow or Monday. Nifty
bears got whipsawed again as we discussed, Prices again bounced from
gann angles as shown in below chart and also closed above 23477 and now
heading towards 23760/23900. Bearish below 23400 for a move towards
23300/23150/23000. As we discussed 17 June is important trend change day
so low made on Friday is important ie.23391 holding the same we can
continue to move higher towards our target. The Missing Watch
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