Bank Nifty fails to close above gann resistance, EOD Analysis for 12 Oct

As disused  in Yesterday Analysis    Weekly closing tomorrow Bulls will try to close above 17589 and bears below 17334,Bank Nifty closed at 17590 just, keeping hope alives for Bulls, As shown in below 2 charts Bank nifty was unable to close above 180 degree angle of gann and also 45 degree line of gann box suggesting both bulls and bears are in dilemma and mystery will get resolved early

Posted in: Technical Analysis