Friday 23 September 2016

Bank Nifty corrects from Gann Resistance line,EOD Analysis

As discussed in Last analysis  Bank Nifty opened above 19928 made a high of 20264 but closed below 20155, today high is very important and unable to close above it tomorrow can see correction back till 19800-19700 zone. Bullish only on close above 20155 for target of 20500. As seen in below gann chart, Bank Nifty opened at the gann resistance line also opened below 20155 suggesting

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