Bank Nifty close below 16500,EOD Analysis

As discussed in last analysis   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 till 16300-16250. Bullish only on close above 16792. We closed below 16500, fall was seen in last 30 minutes of trade, so we need to see a follow up down move on Monday below 16431 for a fall till 16349/16200. Unable to close below 16431 we can bounce back again towards 16734. So 16431 levels on downside and 16734 on upside needs to be closely watched in expiry week.Impossible Is Nothing

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