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Bank Nifty EOD Budget Day - Feb 1

Bank Nifty surprisingly did not move/swing in both directions. It opened mild Gap up, moved in a 19650-19500, made low of 19471(Gann no) and bounced back more than 550 points. Today's high was 20047 and it closed at 20020.
Wave B completed at 19471 and wave C is sharply moved up after good budget. Now wave C can reach 21000 level in 2-3 days as this will be very sharp wave. A major Gap up possible tomorrow. A minor Gap down also can not ruled out as bank Nifty closed just below Gann Nos (19028/19030). But Bank Nifty looks to move up quite sharply in coming days! Tomorrow is also Weekly expiry for bank Nifty and now a days Bank Nifty is moving sharply up on expiry day! So tomorrow's trade will be interesting!

Inside Pitchfork:

IP is showing breakout as Bank Nifty moved above upper 1 SD line.

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