Bank Nifty opened Gap Up at 20698 and moved higher to 20833 but faced resistance in the zone of Gann No 20819.
I mentioned in yesterday's post "Bank
Nifty 15-min chart is showing that corrective wave is terminating
possibly in Ending Diagonal/triangle pattern and RSI is showing
divergence. Correction may near completion or completed at 20560." Bank Nifty started wave on upside post completion of correction at 20560. Move above 20819 and holding 20819 may take Bank Nifty to 21000/21100 Tomorrow though it may close below 21000 due to weekly expiry as huge call writing is done at 21000 strike price.
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