SNP spot cmp 4020 Harmonic study Time frame :- 120 mins
Bearish shark pattern formation potential reversal zone at 4058 (pattern maturity) Reversal confirmation below 4000 levels on closing basis View valid till index sustain below 4120 levels on closing basis Down side retracement possible till levels of 3900-3800-3700 Time horizon :- 7-10 trading sessions
Index is at resistance zone as per harmonic study, Bulls need to be cautious.