Tuesday, August 29

Bank Nifty Bulls again fail to break gann angle,EOD Analysis


As discussed in Last Analysis    Low made was 24301 and high made was 24422 so bank nifty remained in our range and no breakout and breakdown happened and today close is near an important gann angle as shown in below chart if 24480 is not broken we can downfall back to 24000, As new time cycle started from today so break of 24510 we can see move towards 24686/24920. Bearish below 24200 for a move towards 24000/23800. Bank Nifty finally broke the range on downside and effect of time cycle was seen today combined with resistance at gann angle as shown in below gunner chart with the break of 24200 low made was 24103 and closed below 24200, so we can see move towards 23963/23830/23755. Bullish above 24510 only.   Overcoming Emotions As A Day Trader
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