NIFTY is forming a INVERSE HEAD & SHOULDER PATTERN
RSI also showing strength
If crosses 12025 a rally of around 200-300 points is very likely as it will be a consolidation breakout.Also 12000 being a major psychological level so if breaks this resistance a strong move is expected. Major short covering rally will also boost NIFTY
So look for buying
RSI also showing strength
If crosses 12025 a rally of around 200-300 points is very likely as it will be a consolidation breakout.Also 12000 being a major psychological level so if breaks this resistance a strong move is expected. Major short covering rally will also boost NIFTY
So look for buying