Banknifty Spot analysis for 16th Aug

Banknifty Hourly Chart :

Banknifty Spot Hourly Candlestick Chart
Banknifty Spot Hourly Candlestick Chart 

Bank nifty is moving in a Channel . Channel break from Up or Down will show 500 Point moves in that direction.

Banknifty Gann Chart :

Banknifty Daily Gann Chart 
Bull will protect Low of 5th Aug which is around 27400.

Friday & Monday is Gann Date .Big Move may come on this dates.

Gann Support 27590

Gann Resistance 28300

Banknifty Intraday Levels for 16th Aug :

Buy above : 28080  Target 28188  28296  28404  28512

Sell below : 27900  Target 27810 27720  27648  27576

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