Tuesday, 2 February 2016

Bank Nifty breaks gann arc,EOD Analysis

As discussed in last analysis 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 next 2 days.Bank Nifty was unable to break 15570 but broke 15237 on downside gave 200 points move on

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