Will Bank Nifty Bulls be 3 time lucky at Gann 1x1 Angle?
As discussed in Last Analysis Low
made today was 23399.40 so bulls again protected 23400, and also closed
above 23477 level, suggesting underlying strength is bullish and
holding the 23400 levels we can rally back to 23760/23904. Bearish below
23400 for a move towards 23300/23170/23000. 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. Are You Trading for Comfort?
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