Bank Nifty forms doji near supply zone, EOD Analysis

 As discussed in last analysis  16200-16229 is important supply zone for bank nifty, closing above it  we can see move towards 16800 on/before RBI policy. Support will increase to 15700-15750 range. Bank Nifty unable to close above the supply zone, and also took resistance at the gann horizontal as shown below. Bank Nifty has rallied 2585 point in the March expiry and ended the series with a DOJI candlestick,  Supply zone is range of 16229-16250 and Demand zone is back to 15700-15750. Trader's Resolutions for the New Financial Year 2016-17

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