Bank Nifty bounces from Harmonic Zone,EOD Analysis

As discussed in Weekly analysis  16622 is where Shark Harmonic pattern is complete and 16648 was demand zone, Low made 16587 at open and than bank nifty was in recovery mode,Also as i have been discussion about election results impact on market, today's rally would not have surprised blog readers. Now Bulls need a close above 17170 for a quick move towards 17368. Downside support at 16886/

Posted in: Technical Analysis