- As discussed in last analysis After the initial rise Bank Nifty took resistance at pyrapoint 90 degree line as shown in 2 chart and closed below the gann trendline. We need close above gann trendline for bullish mode else we can again correct back to 16600/16300 odd levels. Today also Bank nifty was unable to close above the trendline and also unable to break the pyrapoint resistance of 90 degree as shown in 2 chart.Till its not crossed probability of bank nifty moving to 16700/800 exists,Breakout only on closed above 16752. Secrets of Profitable Traders Part-1
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