Saturday, 6 August 2016

Bank Nifty complete Cypher Pattern,EOD Analysis

As discussed in Last analysis  Bank Nifty made low of  18444 unable to close below 18550 suggesting bears are still on back-foot as not able to break the market below the support zone of 18550.  Bank Nifty is still unable to close above the gann falling trendline as shown in below figure, so bears need close below 18550 and bulls above 18750 above vertical falling trendline for a trending

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