Bank Nifty continue to frustrate trend traders,EOD Analysis

As discussed in Last Analysis  Bank Nifty opened gap down bounced from 18200 again for a move towards 18500. So the range trade continues in bank nifty for 18 days in  a row, more its will trade in the range bigger will be the breakout above 187000 or breakdown below 18200. Weekly close tomorrow bulls will see a close above 18500 and bears below 18200 Bank Nifty made high made 18428,Low

Posted in: Technical Analysis