September 13, 2011

Nifty Futures head and shoulders

  • Hour of nifty futures has formed the left shoulder and head.
  • Right shoulder will be formed if NF moves towards 5072 levels and start moving down.
  • Hours closing above 5072 may invalidate this pattern and a bigger up move may follow.
  • Before that price should close the gap which will be completed at 5042 NF.

No comments:

Post a Comment