Bank Nifty EOD Analysis for 16 May

As discussed in last analysis   Any close above 17067 will see swift move towards 17400.. Bearish only below 16500, High made today was 16891 and low made 16594 so Bank Nifty Bulls protected 16500 but bears gain a slight upper hand by closing below 16792. As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall

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