Bank Nifty ready for Big move, EOD Analysis
As discussed in Last Analysis Fresh
longs should be taken above 25000 for a move towards 25200-25284.
Bearish below 24624 for a move towards 24480-24300. High made today was
25168 so bank nifty reached near our target of 25200 but did not
achieve it,hopefully will be done tomorrow. Close above 25200 will push
bank nifty towards 25344/25500. As we have new time cycle
starting today so today's low of 24828 should be held till 07 Aug for
Bulls to have upper hand and move towards 25200/25344/25560. Bearish
below 25000 for a move towards 24840/24440. High made today was
25198, so bulls still unable to close above 25200 and low made was
24926 which was a spike down after policy but close above 25000 so bulls
continue to hold 25000 and bears continue to close below 25200, As per
time analysis we should see big move on 03-04 Aug. Any close above 25200
can see fast rally towards 25344/25500. Till Time cycle low of 24828 is
holding bulls have upper hand and rally towards 25676 which is gann
angle resistance. Bearish below 25000 for a move towards 24840/24440. What not to do in Bull Market
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