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Bank Nifty EOD Jan 16 Update

Bank Nifty moved on expected line as discussed in Weekly update. It is taking support of Middle BB line (RED) on hourly chart as shown below:
It bounced from Middle BB line and reached high of 19031. Expect Gap up opening tomorrow. If it opens above 19200 then we may see big up move towards 19400/19500. Gann levels 19360/19370 may offer strong resistance.

Jan 17th is 90th trading day from Top of 20576(made on Sep 7, 2016). Hence, big move is on the card tomorrow on important GANN date.

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