The Bank Nifty is rallying in full swing. But still, the strength is not so significant.
But now, my many Proprietary Gann trading indicators are showing Bank Nifty Index is trading in a resistance zone. That bull should count.
From the Bank Nifty Gann analysis perspective, the 24900-24100 range is crucial for Bank Nifty bulls. And for a further substantial rise, they need to close above it.
On the downside, 23500-23400 is the support area. Below, its market can slide towards 23200/22800 and more as well.
The chances for a downside seem high. But rather than making assumptions or guesses, let the Price show weakness and monitor Price action to obtain hints. And then take a trade with minimum stop loss.
I’ve done the groundwork. Now you have to see how you can take advantage.-Divesh
Note: The above-mentioned Price projection & other Information is for educational purpose only.
