Nifty Alternatives

NSE:NIFTY   Nifty 50 Index
Hi All ,

Putting up some alternatives on nifty .

Most important fact to be consider for the above alternatives is PUT / CALL Open interest .
9100 Put And 9200 Call OI interest are around 52-55 lakh.

1) Head and Shoulder formation (As shown on chart)

2) Running flat :
Assumption A leg started on 28 march green candle with low 9079.8, Currently B leg move down to fill the gap and Than C leg up

3) Double Irregular flat
A leg started on 28 march green candle , B leg ended today by going slightly below A.
Than C leg up which can go slightly above A

4) Standard Flat
IF it is standard flat than in above case 3 , C wont go beyond A

Observer the price action tomorrow.


it should create head n shoulder , n should move towards 8600 ... what i feel ... its my understanding only

but nifty has to retrace towards 8600 - 8700 .

Timeperiod : 1-2 months
As all global markets moving downside also... one imp reason
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