- Head and shoulders have given good correction in favor of bears.
- Now correction may continue only if nifty break below 5550 level
- Nothing much has changed from the start of the series.
- We are still hovering around the 5600 level.
- Bears and Bulls are not being allowed to pull away from this level.
- Below 5600 - 5604 its the bearish zone. above 5604 Bulls have a chance to breakout.
- Bigger breakouts are either below 5496 or above 5740.