Bank Nifty close above 200 DMA,EOD Analysis

 As discussed in last analysis   Now for coming week Only close above 16800 can fuel the expiry rally towards 17000, else any close below 16500 can see move towards 16350/16300. High made 17029 and low made 16572 so Bank Nifty broke 16800 and saw an impulsive rise towards 17000 as we have anticipated. Hope trades were able to capitalize over the move. Bank Nifty has closed above 200 DMA first time after 20 August, also we have broken the gann arc so if we move above 17100 we can see fast move towards 17500/17800. The Recency Effect - How it affects Trading

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