Will Bank Nifty Bulls be 3 time lucky at Gann 1x1 Angle?

Thursday, June 15 Leave a Comment

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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