Thursday, 12 November 2015

Bank Nifty Trading Strategy for 13 Nov

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 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 2 chart..

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