Nifty completes ABCD harmonic pattern, How to trade now

• FII's bought 4.7  K contract of Index Future worth 191 cores, 379 Long contract were added and 4.3 K short contracts  were squared off by FII's. Net Open Interest decreased  by 4 K contract , so FII are doing profit booking  in short Index Futures.

Nifty  did another life high today @ 7969 and saw a reversal after 2:30 PM, as seen in below hourly chart, expanding triangle pattern is forming in Nifty suggesting if 7785-7755 is not held...

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