After head and shoulder pattern failed to break sell side it is formed rising wedge pattern yesterday. Don't even think about short.Adding short and entering short is risky. RSI and other oscillators showing over sold. but as per my trading experience only pattern work well in this current situation. I calculated Target 16450,16750,17000
Don't add short nifty at this moment. Do your own research before take trade.good luck.
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nifty reached 16350.but struggling to break 16400.don't go short until breakouts.