June 17, 2010

Nifty's expected path towards bear market

UPDATED CHART

  • Nifty is in uptrend in daily chart.
  • But i feel this will end soon near 5300.
  • The right shoulder of the head and shoulders pattern has started forming.
  • By keeping 5330 as stop loss one can start shorting in small quantities when nifty touches 5280-5300.

2 comments:

  1. nice analysis, for patterns your visualization is really good, i must agree..good work...

    ReplyDelete
  2. Thanks anil. But lets see if it works

    ReplyDelete