Bank Nifty continues downmove,EOD Analysis

As discussed in last analysis Bank Nifty is unable to close above the gann green arc and 16800 level, also unable to close below 16500 suggesting fight is on between bulls and bears, break of 16500 can see move towards 16350/16188 and break above 16800 can see fast move towards 17000.  Low made today was 16250, and High made was 16465 so unable to close above 16500 even though Bank Nifty was trading positive most part of the day, rise was used to short,

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