As it can be seen that previously also nifty formed a small head and shoulder and given a fake rally then afterwards it came down and same move is expected in this big head and shoulder. So traders can go long in it for the for the targets of 8150 - 8200 but be cautions and maintain a strict stoploss of 7900. Overall it will come down after testing the targets of its fake rally. so enjoy this fake rally and dont get trapped.
Comments
jagannathan.srinivasan1
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Nice observation sir.We have to wait the upper range
iamvaibhavkr
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@jagannathan.srinivasan1, Thanks, you can buy it from the current levels for targets of 8150 - 8200.
and then go short at around 8200.