Thursday 17 March 2016

Bank Nifty unable to close above gann trendline,EOD Analysis

We expected a move of 400-500 points above 15452, Bank Nifty did 300 points move High made was 15704, Bank Nifty opened above the gann resistance line but was unable to sustain above it, but closed above the gann arc as shown below suggesting bulls are still in control. Close above 15555 is required for next leg of upmove and close below 15136 is required for serious correction. After a

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