Nifty is forming a Bearish Shark Harmonic Pattern and Extending to the target 17784 Levels and the Sell area for Shark is at 17850.This zone will act as a good supply.
Until that we can see that Nifty wil hit the zones it will be the target for my buy positions and RBI is planning to raise the intrest rate by 35-50 bps . SO, nifty will remain bullish unitl that.
Until that we can see that Nifty wil hit the zones it will be the target for my buy positions and RBI is planning to raise the intrest rate by 35-50 bps . SO, nifty will remain bullish unitl that.
Comment:
Nifty reached our advanced sell level. So,trade with caution expecting a little trend change near this area and the price to drop near 17500-17300.
Trade closed: target reached