Tuesday, 2 February 2016

{LONGTERMINVESTORS} Bank Nifty breaks gann arc,EOD Analysis

As discussed in last analysis As we have RBI policy tomorrow, as Bank Nifty is stuck between the gann arc and gann vertical line suggesting squeeze has happened and now ready for a big move, Breakdown below 15237 and Breakout above 15570 for a 300 point move either side which should come in next 2 days.Bank Nifty was unable to break 15570 but broke 15237 on downside gave 200 points move on downside as we have been expecting. Bank Nifty broke gann arc in the process which increase possibility of bank nifty heading towards 14754. Bulls needs to close above 15237 else we will break the low of 14754.   How to Manage Trading Stress

 

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