absu21

Nifty Short term Downtrend outlook

Short
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
There are 2 Parallel channels given where the shift of track shown in the chart but there is a beautiful Harmonic XABCD pattern created which has always maintained the Fibonacci level when retrenching.

On that base and present trend analysis, I have tried to understand the recent move of Nifty Future ( present continuous) with the given target level and stop.