Nifty has seen a profit booking from all time high of 14753.
In my previous post I did caution you all about pullbacks in our upward journey and this is mostly the same kind of pullback after breaking previous high of 14653.
The downward journey is currently taking support on the marked support zone in the chart.
The marked key levels will play a very important role in coming week in predicting the Nifty's direction.
Whichever key level is breached Nifty will continue working in the same direction minimum for 400 points.
As per my analysis Nifty will continue taking support at the support zone and will move back upwards in coming week.
Stay awake and Stay cautious.
Note: Views only for educational purpose. Consult your financial advisor for any trade.