Till date we recommend to sell on rise , but at current level nifty is showing some signs of bottoming out pattern.
INVERSE HEAD AND SHOULDER
1. Nifty has shown enough evidence of downtrend on daily time frame .
2.Nifty had corrected almost 1000 points from its all time high.
3.We recommended to sell nifty based on higher point rejection and Peak n trough analysis. SO FAR WE HAVE GAINED 400 POINTS .
4.At the current level ie. 8339, nifty has given a break out from inverse head and shoulder pattern .
5. Inverse head and shoulder has high probability of trend reversal
HOW TO TRADE ? (CASH LEVEL)
1. BUY NIFTY CALL STRIKE PRICE 8300 JUNE SERIES AT CURRENT LEVEL .
2. BUY NIFTY FUTURE AT OR NEAR 8170.
3. KEEP SL OF 8100 CLOSING BASIS .
4. PATTERN TARGET 8550-8610
INVERSE HEAD AND SHOULDER
1. Nifty has shown enough evidence of downtrend on daily time frame .
2.Nifty had corrected almost 1000 points from its all time high.
3.We recommended to sell nifty based on higher point rejection and Peak n trough analysis. SO FAR WE HAVE GAINED 400 POINTS .
4.At the current level ie. 8339, nifty has given a break out from inverse head and shoulder pattern .
5. Inverse head and shoulder has high probability of trend reversal
HOW TO TRADE ? (CASH LEVEL)
1. BUY NIFTY CALL STRIKE PRICE 8300 JUNE SERIES AT CURRENT LEVEL .
2. BUY NIFTY FUTURE AT OR NEAR 8170.
3. KEEP SL OF 8100 CLOSING BASIS .
4. PATTERN TARGET 8550-8610
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