Bank Nifty breaks 14000, EOD Analysis

• As discussed in last analysis If Bank nifty continue to trade below 14500 we can head towards 14338 which is PRZ of ABCD pattern and Weekly supply zone also as shown in below 2 chart. Bullish only on close above 15000, Bank Nifty broke 14338 did not stop hence invalidate the ABCD pattern and also demand zone, one the pattern got invalidated we got a fast and furious decline and bank nifty broke 14000 also, Such is the beauty of harmonic pattern combined with supply demand zone, once it gets invalidated you get fast fall. 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 Crashes 1000 Points in 2016 :Reason for sharp fall

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