sreebhashyam

SGX-Nifty inverted ascending Triangle

Short
NSEIX:NIFTY1!   GIFT NIFTY 50 INDEX FUTURES
Interesting pattern, holiday markets bears working overtime. The inverted ascending triangle (bearish pattern), horizontal base comes around 12730. Any break here would take move towards 12250 a 500 point move. Longs aside, shorts time to hold and initiative more on break outs. Alternatively buying deep out of the money puts or selling at the money calls.

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