- 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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