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Global Slowdown Ahead - Head & Shoulder Pattern NASDAQ vs NIFTY

Short
NSE:NIFTY   Nifty 50 Index
Both NASDAQ and NIFTY is forming head and shoulder pattern on weekly chart and there seems to be strong correlation between these two.
Both are at top of right shoulder.

Two macro economic development
1) ECB lowers growth forecast
2) 20% down in Chinese export due to subdued demand

Liquidate positions in equity and invest into debt fund. There will be sharp and strong correction in coming weeks across global markets.
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