Tipss_Bse_Nse - 27/7/06 Chart - 1
Dear All
See the inverse head and shoulder reversal patern formed by NIFTY. As per technical, Low & High in Head patern is 2899, 3044. The difference is 145. Nifty penetrate the trend line at 3054. So, next target is 3199. Nifty already resistance at 3200 12th July. So, Nifty after touching the 3199 or 3200, will down heavily. Short there. regds/SIVA
1 comment:
If there is inverted head and shoulder, then why should nifty go down fm there(3199 levels) and why should one short there.. Instead it shows more bullish sign if it breaches 3200 level.. Please comment..
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