Monday, 30 January 2017

Bank Nifty consolidate in range before Budget,EOD Analysis

As discussed in Last Analysis   Bank Nifty continued its rally and closed above 19700, Holding 19700 bank nifty can bounce till 20000/20400. Bearish only on closed below 19360 for a move till 19140/18920. Bank Nifty gave whipsaw as it closed above 19700 but failed to give the follow upmove. Downside made low of 19561 and did not break 19360 so bulls are still safe. After a rally of 1000

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