Bank Nifty forms Hammer near gann arc,EOD Analysis

As discussed in last analysis  Now Bank Nifty is near its 200 W SMA, which if broken on weekly closing basis can see Bank nifty declining all the way till 12500-12800. Next demand zone lies 13600. Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above

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