Bank Nifty held on to 200 DMA,EOD Analysis

As discussed in last analysis   High made today was 17023 bank nifty unable to scale above the supply zone level of 17067 and also the gann resistance line and bears got active below 16800 and saw the decline till  200 DMA, Break of 16700 can again see a quick fall till 16500, Bank Nifty made low of 16527 near our target of 16500 once 16800 was broken,and closed below 16800 but again held on to 200 DMA, so bulls are bears both are in dilemma. Volatility which we are seeing in market was due to Weekly and Monthly closing we had yesterday.Bulls need to close above 16800 and bears below 16500 for next 300-400 points move.   Are You a Carrot, Egg, or Coffee Bean?

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