Bank Nifty Bulls reacts from gann trendline,EOD Analysis

As discussed in last analysis  Low made today was 16368 so 16350 was not broken and high made was 16501  and we closed above 16431, so bulls have upper hand now and above 16500 can take index to 16734/16792. Bank Nifty opened above 16600 , we got indication yesterday with close above 16431 and respecting the gann trendline and we 16792 and closed above 16792. Now we need close above 17067

Posted in: Technical Analysis