Saturday, November 14

Bank Nifty bounces again from gann arc,EOD Analysis

  • As discussed in Weekly analysis  16622 is where Shark Harmonic pattern is complete and 16648 was demand zone, Low made 16587 on Monday and 16805 on Tuesday and 16741 on Thursday than bank nifty was in recovery mode, Till low of 16587 Bank Nifty remains in buy on dips mode.  Now Bulls need a close above 17143/17170 for a quick move towards 17300/17470 where gann resistance line is present as shown in chart.Downside support at gann arc near 16772 and 16652  Do you want to be a trader ?
Daily Gunner

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