Kinnari_Prajapati
Short

11500 or 11000 below? last Resistance is for NIFTY

NSE:NIFTY   Nifty 50 Index
Due to illness, i was unable to come online because I was in hospital for the whole day.

Today, Nifty made strong bullish candle but, its having final and strong trend line resistance.
  • Trendline Resistance 12000-50
  • H & S pattern,

Generally Head & Shoulder pattern has 2% penetration normally.
LEFT Shoulder is at 11176 and,
HEAD at 11760
Calculated 223 points is 2% Penetration of LEFT SHOULDER. 11176 + 223 = 11400
For the H & S pattern, 11400 may be a maximum value of RIGHT should with penetration of 2%.
Trade active: here profit booking can start on Nifty Fut, between 11287-11308

Active PUT 11200 march, buyers expected 22-27.
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