Friday, May 27, 2016

NIFTY HARMONIC REVIEW




  • Nifty daily has formed two harmonic pattern on its daily chart.
    • Bearish ABCD
    • Bearish Butterfly
  • These two patterns gives us three important resistance level 
    • 8156
    • 8165
    • 8185
  • Considering these levels, i am seeing the 8150- 8190 as supply zone.
  • If this zone surpassed than a swift rally can be seen towards 8240, 8340, if not than index can  correct till  8080 and 7980 levels.

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