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Watch out for Nifty head & shoulder pattern

Short
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
There might be good short opportunity in Nifty once the shoulder of the pattern is broken. The first target could be the nearest gap at 12400
Comment: Price is testing the neckline after making a new high. Divergences are visible in many momentum indicators. Below 12740, downward pressure will increase.
Comment: The pattern turned into an expanding channel today.. Short once price breaks 12750 with a strict stop loss