Tuesday, 1 March 2016

{LONGTERMINVESTORS} Bank Nifty rally above gann trend line,EOD Analysis

  •  As discussed in last analysis   Now we need a close above 14272 which is gann trend line for a 500 point run on upside else again we might see a drop to 13400-13500. Bank Nifty moved above 14272 and almost did 200 points on upside, Bank Nifty can now has resistance in zone of 14590-14640 where we trades can book partial profit as SHARK pattern gets completed and also we have gann green arc. Why majority of traders lose?
Bank Nifty_Shark Forming


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Rgds,
Bramesh

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