What's next Nifty 50?

NSE:NIFTY   Nifty 50 Index
Nifty has struggled this week to gain potential. But now if you observe Head & Shoulder pattern is going to formed with nested pennant structure. As you can see It made a new higher-low but closed above the demand zone . Either it sustain or break but in both cases it going to bounce from yellow dotted volatility demand zone .

Points to be Note (Technical + Fundamental)
1. Head & Shoulder nested pennant formation has been seen for the bull run.
2. FII has bought 1440 Cr of equity as compare to DII who were sold 1600 Cr of equity but it's positive as FII have being buy from last 2 session.
3. World bank has posted a expected GDP growth till 2021 is NSE:NIFTY 8.2% and anticipated the 2021-2022 FYI growth above 10%.

Let me know in comment section what's your views?


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