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
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here profit booking can start on Nifty Fut, between 11287-11308