Weakness in NIFTY chart

1. NIFTY gave a head and shoulder pattern breakdown from 17750 level and has broken the trendline 1 today.

2. Head & Shoulder target is same as our strong support 1 (16700 level). We can expect a bounce on this region.

3. If support one is breached then NIFTY can break down and come to Support 2 (15950 level) and test trendline 2

Learn & Earn,

Dr. Tanya Kumar