Exact REVERSAL from our given level... where is it heading next?
As we can see NIFTY has REVERSED exactly from our given levels of 18870, now that NIFTY has shown more than a percent move in a single day, we can expect NIFTY to continue the further RECOVERY till 19200 which acted as a NECKLINE for HEAD and SHOULDERS pattern and fill the gap. On the other hand, we can expect NIFTY to further fall keeping note of weakening of GLOBAL INDICIES and ONGOING tensions affecting INDIAN INDEX and we can see NIFTY further reaching 18600 levels so plan your trades accordingly.
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