Bank Nifty forms Hammer near demand zone,EOD Analysis

As discussed in previous analysis Bank Nifty broke support near gann arc and trendline as shown in below 2 charts, Bank Nifty closed below 16850 bank nifty moving towards 16587/16300.  Low made today was 16573 near 16587, and bounced back forming a hammer candlestick. Holding today's low can see move towards 16880/17031.  Trade as per your trading strategy not MOOD Continue Reading

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