Nifty convincingly broken Head and Shoulders Pattern. 9919 First Target. Subsequent targets are 9687, 9542
Nifty seems to be near to completion of 5 waves in the range of 10000-10080 on higher degree. Today Nifty seems to be completed the Ending diagonal pattern and bouncing from 10050 levels. The Counter trend can take Nifty towards 10350-400 or higher. Nifty should hold above 10033 to validate this pattern
Nifty is at Critical juncture. 10140 is major support/ breaking point. Let the market resolve on its own. No more guess.
Nifty could strongly hold the 8500-8400 range and could reverse. The complex double zigzag correction is nearing completion.