Nifty - I will Book Profits @ Open {Bullish Harmonic}
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As highlighted by the Bullish Harmonic, the Nifty has reversed, and GIF Nifty indicates an opening of around 24,300. I will book profits at the open because of...
Nifty will now enter the major resistance zone of 24,327-24,600 at 62DEMA Channel, sloping downwards.
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great observation and thanks for sharing, Sir.
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The Nifty opened strong on Monday but faced resistance, as highlighted. Profit-booking was witnessed in the first hour which could be due to the expiry week.
The market needs to decisively break through the recommended resistance level to sustain the uptrend.
