Bank Nifty EOD Analysis for 01 October

As discussed in last analysis After the initial rise Bank Nifty took resistance at pyrapoint 90 degree line  as shown in 2 chart and closed below the gann trendline. We need close above gann trendline for bullish mode else we can again correct back to 16600/16300 odd levels.  Today also Bank nifty was unable to close above the trendline and also unable to break the pyrapoint resistance of

Posted in: Technical Analysis