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Bank Nifty EOD Update Mar 28

Bank Nifty opened major Gap up 172 points at 21229 and closed at 21225 making low/high at 21145/21264. It formed Doji candlestick on Day chart as opening and closing are almost equal.
Hourly chart shows Bank Nifty is moving within a upward moving (Big Blue color) channel making higher tops higher bottoms and hence trend is still Bullish!
5 min chart shows that post making day high at 21264, Bank Nifty is in correction. Wave A/B of correction completed at 21181/21249. Target for Wave C is in the range of 21170-21140.

Bank Nifty may continue its up move post completion of correction. Market also awaiting GST bill passing in the parliament.

Tomorrow above 21250 target is 21350/21460. Below 21200 target is 21100/21000.
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