Bank Nifty October series overview

• Highly Volatile September Series came to an end, We saw high of 17652  and low of 15762  range of 1800 points sentiments of traders moving from extreme negative to positive but overall from August to September expiry nifty moved just 18 points (Close of August Series 17214 and Close of September Series 1796) suggesting it  was expiry for Option Writers.  For October series we need to close above 17650 for bullish move else any close below 17000 can see bears taking upper hand and nifty moving towards 16286/15760. Gann line will play crucial role as shown in below two charts.
  

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