BANK NIFTY GANN ANALYSIS 45 MIN CHART FOR WEEKLY EXPIRY 17 JULY

Bank Nifty Index formed a swing low at Gann Level of 51800 with actual low coming it at 51749.50. Measuring the first swing of the expiry we saw a rise to the important section of the market till 52625 on Friday at 10:30 am. Thereafter Gann 50% Rule was followed by the markets with the low coming in at 52180 odd levels on Monday at 11:15 am. The we moved to form a Double Top arounf 52625 level on Monday at 13:30 pm. Thereafter we saw lack lustre trading till Tuesday end. Today on Expiry Day we see upside on sustaining above 52475. Downside can be seen on sustaining below 52310. In between this range we may see options decaying on both sides. Expansion above 52475 can lead us to 52610 and 52825. Expansion below 52310 can lead us to 52180 and 51960. Use the levels given prudently and make some money for yourself.
Happy Trading !!!

Note

Bank Nifty Expiry was Yesterday Sorry for the Goof up.... View can be used for Thursday

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