As long as point B of Harmonic pattern XABCD is not taken out and sustained, there is a high probability that Nifty 50 is headed for 13800 levels in the coming days.
It appears that Nifty 50 will buckle under it's own weight as Bank Nifty, which is the single biggest sectoral constituent of Nifty 50, does not look as bearish as Nifty 50. Even though if Nifty starts falling, Bank Nifty can help it with a lending hand to aggravate the fall.
It appears that Nifty 50 will buckle under it's own weight as Bank Nifty, which is the single biggest sectoral constituent of Nifty 50, does not look as bearish as Nifty 50. Even though if Nifty starts falling, Bank Nifty can help it with a lending hand to aggravate the fall.