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Bank Nifty EOD Update Apr 02

Bank Nifty opened 90 points Gap up but corrected sharply to 21400 level. These sharp moves was due to triangle pattern waves.
Bank Nifty 15-min chart shows correction terminating in ED/Triangle like pattern. It looks like Bank Nifty is came out of triangle pattern and we may see sharp up move towards 21800/22000 in coming 1-2 trading sessions.

Tomorrow above 21575 target is 21670/21765. Below 21520 target is 21425/21330.

Monthly Chart Breakout: 

A look at monthly chart from triangle pattern structure is showing breakout. Upper line of triangle may provide strong support followed by strong support at 3 digit (Bank Nifty degree move) Gann No 20400. This is in alignment with weekly analysis https://optiontradingcafe.blogspot.in/2017/04/bank-nifty-weekly.html

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