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Bank Nifty EOD Update Mar 9 -For Post Exit Poll Trade

Bank Nifty again moved within range on the weekly expiry day, but closed above 20710 Gann no after almost 3 days reversing from that level. This looks like signal for Big Up move tomorrow as Exit Polls also predicting overall good performance by BJP in most of the states and also in UP.
If it opens Gap up above blue channel within which Bank Nifty was moving for last 3 weeks then we can see big up move breaking 21100, will take it to 21800 in next few days.

It would be interesting to see whether this week provides mid term Top/Bottom as this week is 26th from Top of 20576 made in Sep 2016. Also Last week completed 52 weeks from major bottom of 13407 made in Feb 2016. (I mentioned about this in my weekly post)

In case market does not open major gap up then it may again remain in range bound till Election Results and/or outcome of US Fed meet on rate hike.
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