Saturday, October 7

Bank Nifty bounce from lower end of range,EOD Analysis

As discussed in Last Analysis   Low made was 24033 and high made was 24188 so the range of 23963-24270 is still maintained. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960 for a fall till 23800/23650.  price is stuck in gann arc/gann angle, so impulsive move round the corner, Time Cycle effect of 04 Oct will be seen in next 2-3 days. Low made was 24074 and high made was 24242 so the range of 23963-24270 is still maintained. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960 for a fall till 23800/23650.Price again bounced from the lower end of gann angle but still unable to break the range. Trade the range buy low sell high with SL till range breaks. Take responsibility for your actions.
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