Bank Nifty close tad above breakout level,EOD Analysis

• Bank Nifty again today made high of 17940 forming multiple tops in range of 17940-17954  respecting our Weekly Chopad level of 17950 after giving breakout above 17850 failed to move above Friday high of 17947 made a high in opening at 17954 and came down, suggesting  no follow up move was seen. Today move can be seen as consolidation after big rise seen on Friday, It will be termed as failed breakout once it closed below 17827, (Close today was 17830), and the gann line as shown in the below chart. Above 17950 Bank nifty can move towards 18050/18144 and below 17800 back to 17652/17434 as shown in Supply demand chart .  Trading is a mental game
  

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