Thursday 11 February 2016

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

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