Monday, August 21

Bank Nifty continue to trade below 24100,EOD Analysis

As discussed in Last Analysis   Bearish below 24100 for a move towards 23963/23755. Low made today was 23925 so bear did the first target of 23963 and also closed below 24100 so opening gates for 23755. Bullish above 24200 for a move towards 24450-25500. Bank Nifty move above 24200 was mostly like an Emotional Spike but failed to do the target of 24450 and triggering the Stoploss. Bears got active below 24100 and did 23963 and now waiting for 23755/23633/23540  Day-Traders Lose Big, Still Live in Denial

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