Bank Nifty does 1000 points in 2 days from gann trendline,EOD Analysis

By | May 26, 2016 10:58 pm
  • As discussed in last analysis   Now we need close above 17067  and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. High made today was 17424 Bank nifty showed an impulsive move above 17067 and did 17367 in matter of hours, this is what happens once we complete time correction. Now Bulls would like to have weekly close above 17400 for next move towards 17650/18000. Bears will have chance only below 17050.  Benefits of Making a Trading Plan

Daily Gunner

  • Bank Nifty June Future Open Interest Volume is at 16.4 lakh with addition of 6.3 lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost is coming at 16995 and Rollover % 68.6 Do you know your Risk of Ruin in trading ?


Buy above 17430 Tgt 17520,17600 and 17704 (Bank Nifty Spot Levels)

Sell below 17350 Tgt 17250,17100 and 17000 (Bank Nifty Spot Levels)

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Category: Bank Nifty Technical Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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