Tuesday 12 July 2016

Bank Nifty heading in supply zone of 18768-18850,EOD Analysis

As discussing in past analysis Bank Nifty opened gap up above 18100 at 18250 suggesting bulls were in command, Now Bulls should above 18300 on closing basis for next move towards 18768/19000. Bank Nifty made high of 18684. Now the range of 18758-18898 is very crucial range where bulls should book profit. Weekly close above 18768 can see fast move towards 19230. Bearish below only close

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