Nifty before opening bell

DAILY CHART

DAILY CHART

• An inverted head and shoulder possibility is there but don't go long just because of that possibility make sure it breaks the neck line. I am saying this because of the us markets which are in bear market situation.
• Second chart is in a break down or break out situation just like dow jones. I feel dow is going to break down so nifty sill surely follow it. But that will take one or two weeks to happen. For now the price will consolidate between the upper trend line and the channel bottom line.