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Bank Nifty EOD Update Feb 16

Bank Nifty is stuck in the range. It is moving between Gann Nos 20364 (5 digit Gann No) - 20250(4 digit Gann No)- 20139 (5 digit Gann No). Till it cross 20000 on downside or 20400 on upside no trend can't be confirmed.
The today's low is exactly on lower line of triangle and it bounced and reached again to upper line of triangle.
Until it breaks this triangle and 20400/20000 no good trade opportunity available. But triangle is getting narrower and narrower and hence a outbreak move is shortly on card (1-2 days). Also new minor Solar cycle started on 4th Feb, hence Trend deciding move is on card and it will be fast and furious.



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