Bank Nifty move 22 points in 13 trading session,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 still did not get close above 16792 in past 2 trading session  and low made 16535 so Bank Nifty Bulls protected 16500 on EOD basis but closed below gann trendline bears gain a slight upper hand by closing below gann trendline as shown below. We are going through time correction phase where market trades in a range, 02 May Bank Nifty close was 16543

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