The coming week could be dangerous for bulls in IT stocks. Here’s why… Nifty is trading at a resistance of multiple rising channels which is placed 15,200-15,3700. The bulls seem to be tiring and if the index reverses from this resistance zone, a test of 14,000 can be on cards. As a follower of US markets, I believe the Nifty might reverse if the Nasdaq 100 reverses from the reversal level of the harmonic pattern which is placed at 13,750-13,967. Nasdaq and Nifty reversing will be double whammy for the IT index which has formed a bearish candlestick pattern. #NiftyIT #NASDAQ100 #TechnicalAnalysis Simply sign up for Fast Profits Daily, our free email newsletter, and get access to this latest guide on How to Trade the Markets Like a Pro. www.eqtm.in/Gy95 Stay Connected Equitymaster Free Reports: www.equitymaster.com/free-reports.asp Equitymaster on Telegram: telegram.me/equitymasterofficial Equitymaster on Facebook: www.facebook.com/Eqtmonline Equitymaster on Twitter: twitter.com/Equitymaster Equitymaster on LinkedIn: www.linkedin.com/company/equitymaster-agora-research-private-limited
