Bank Nifty bounce from Gann Angle,EOD Analysis

Saturday, June 17 Leave a Comment

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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