pratik2358

nifty technical view being neutral

NSE:NIFTY   Nifty 50 Index
As per above structure there are two things to note
1) Nifty formaing a bearish h&s pattern

2) nifty given a breakdown
NOW positive things to note is:-

1) Nifty already made 8.4 % correction from Life high areas

2) Nifty is in good uptrend thus a correction not more than 15 % visible anyhow in worst case
in normal case we can still see max 2-3 % ( ie 400-550 points) ie upto 16500 areas .

3) In worst Case scenario it may see correction of 5-7 % ie making it 15 % from top
will lead to 15800-15850