There is a possible H&S formation in NIFTY...
The left shoulder is formed and so is the head. What is now required is formation of the right shoulder. So this calls for a small rally which would be a sell on rise.
Break of 6640 would then lead to a correction to atleast 6400.
Comments welcome....
The left shoulder is formed and so is the head. What is now required is formation of the right shoulder. So this calls for a small rally which would be a sell on rise.
Break of 6640 would then lead to a correction to atleast 6400.
Comments welcome....
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