This is a Daily chart of nifty as on 12-07-2017
I have spotted a Alternated ABCD pattern on Nifty Daily chart, currently nifty is seen trading near it prz zone i.e. 9799- 9815.
In yesterday session , it has formed Spinning candle stick pattern at the pattern prz zone, suggesting supply is there at these levels, hence price action near these levels are crucial to watch , as this will determine the further trend in the index.
For detailed price action, please click on the video below:
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