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InsiderB
Jul 28, 2016 3:28 AM

Nifty : Head & Shoulders Pattern...When to Enter ?? Short

Nifty 50 IndexNSE

Description

Hi All,
We got head and shoulders pattern in Nifty 15mins chart and the right shoulder is yet to get completed. If we get bearish confirmation around right shoulder we can short Nifty and trail our stops till the neckline and if neckline gets broken we are in for treat today. But today being expiry day and GST Bill inching closer to get final nod, we should be wary of our shorting position with strict stops. We do have left shoulder as resistance on other side..Lets see how this pans out today..

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Comments
InsiderB
Not expecting more than 20-30pts move from now...Expiry day almost over...
InsiderB
Being expiry day, we have slow movement , I expect some action during closing time
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