Bank Nifty forms hanging man,EOD Analysis

 As discussed in last analysis  Bank Nifty made high of 15945 where it complete the Butterfly pattern also as discussed in Weekly Analysis Bank . Now Next 100 points range of 15945-16049 is very crucial where we will see lot of supply coming, unable to cross Bank Nifty can see 200-300 point correction. Bank Nifty updated butterfly pattern is shown below, PRZ zone comes in range of

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