Bank Nifty corrects from Gann Line, Technical Structure before RBI policy

As discussed in last analysis Bank Nifty reacted from gann line of resistance and is heading towards the first support of 17000 and ultimate target of green arc as shown in below chart around 16700/16650.Pyrapoint suggest  Break of 17000 on closing basis opens possibility of nifty moving towards 16500/16400 in short term.Bullish on close above 17600. Continue Reading

Posted in: Technical Analysis