Bank Nifty closed below demand zone, EOD Analysis

As discussed in last analysis Tomorrow 17103/17025 support zone should be watched as holding the same we can see relief rally till 17350.  Bank Nifty made low of 17170 and bounced back towards 17399 and closed@ 17354  just below the demand zone of 17368.  Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till we do not close above the gann trendline. If not bank nifty will move towards 17000 odd levels.



Continue Reading