Bank Nifty does 20500,another failed attempt at gann arc,EOD Analysis

As discussed in Last Analysis Bank Nifty did not did our target of 20500 and whipsaw the trade as we went up and close above 20750 thus stoping out trades who were short, As we also failed to close above 20800 so both bulls and bears are in neutral zone. Close above 20850 we need to enter the green arc Bulls can again scale back to 20200/202500. Bearish below 20750 for a move towards 20500

Posted in: Technical Analysis