Nifty view: Time to be cautious...!!!

NSE:NIFTY   Nifty 50 Index
CMP 10562

-- Major Resistance at 10707-10736 zone

- Support at 10400-10420 levels

If support is taken out we could be starring at H&S pattern completion and Nifty could be dragging back to sub 10000 levels over a period of time.

A close above 10740 will indicate pattern invalidation

For the day 10572-10594 is an important resistance zone

Take care & safe trading...!!!


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