nifty technical view being neutral
As per above structure there are two things to note
1)Nifty formaing a bearish h&s pattern
2)nifty given a breakdown
NOW positive things to note is:-
1)Nifty already made 8.4 % correction from Life high areas
2)Nifty is in good uptrend thus a correction not more than 15 % visible anyhow in worst case
in normal case we can still see max 2-3 % (ie 400-550 points) ie upto 16500 areas .
3) In worst Case scenario it may see correction of 5-7 % ie making it 15 % from top
will lead to 15800-15850
1)Nifty formaing a bearish h&s pattern
2)nifty given a breakdown
NOW positive things to note is:-
1)Nifty already made 8.4 % correction from Life high areas
2)Nifty is in good uptrend thus a correction not more than 15 % visible anyhow in worst case
in normal case we can still see max 2-3 % (ie 400-550 points) ie upto 16500 areas .
3) In worst Case scenario it may see correction of 5-7 % ie making it 15 % from top
will lead to 15800-15850
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