Thursday, 2 June 2016

Will Bank Nifty close above 17670,EOD Analysis

As discussed in last analysis  Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone. High made today was 17596 at gann arc ,bounced from 17350. Bulls need a close above 17670 for next move till 18000 and bears will get active only on close below 17116. In between it will be rang bound move with

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