Bank Nifty bounces from Gann Arc,EOD Analysis

 Bank Nifty opened  near the horizontal grey line as shown in below chart, again got resisted and corrected till the green arc. As we have RBI policy tomorrow, as Bank Nifty is stuck between the gann arc and gann vertical line suggesting squeeze has happened and now ready for a big move, Breakdown below 15237 and Breakout above 15570 for a 300 point move either side which should come in

Posted in: Technical Analysis