Bank Nifty corrects from Channel Resistance,EOD Analysis

 As discussed in last analysis   Bank Nifty updated butterfly pattern is shown below, PRZ zone comes in range of 16000-16080, where we are also seeing shark pattern completion also shown below, so range of 16000-16080 is very very crucial till expiry. As seen in below chart, Bank nifty is also near the channel resistance which again forms resistance in range of 15980-16050, So traders needs to closely watch the range, Unable to break on closing basis can see correction till 15500, Low made today was 15522, Bank Nifty has reacted from channel resistance and also Butterfly pattern PRZ and

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