tanya151181

Weakness in NIFTY chart

Short
NSE:NIFTY   Nifty 50 Index
1. NIFTY gave a head and shoulder pattern breakdown from 17750 level and has broken the trendline 1 today.

2. Head & Shoulder target is same as our strong support 1 (16700 level). We can expect a bounce on this region.

3. If support one is breached then NIFTY can break down and come to Support 2 (15950 level) and test trendline 2

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Dr. Tanya Kumar

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