Bank Nifty reacts from Supply zone of 18750,EOD Analysis

As discussing in past analysis Bank Nifty opened gap up above 18100 at 18250 suggesting bulls were in command, Now Bulls should above 18300 on closing basis for next move towards 18768/19000.Now the range of 18758-18898 is very crucial range where bulls should book profit.  Bank Nifty made high of 18711 today and closed at 18618 . Weekly close above 18768 can see fast move towards 19230.

Posted in: Technical Analysis