Wednesday 3 February 2016

Will Bank Nifty break 14750 or stage a rally ,EOD Analysis

 As discussed in last analysis  Bank Nifty broke gann arc in the process which increase possibility of bank nifty heading towards 14754. Bulls needs to close above 15237 else we will break the low of 14754.  Bank Nifty made low of 14777 near the last swing low of 14754 as we have been expecting after it broke the gann arc, Now if we hold 14750 we can see bounceback till 15000/15237,

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