Is Nifty Ready to Crack in Short Term?

It makes sense to pay attention to chart on a say 6 months time frame as one is able to spot the opportunities emerging like it happened in case of Nifty when it gave a breakout from inverse head and shoulder and gave a cool 10% returns in a short period of time. The Nifty chart explains clearly and one can have a look at the same to understand the inverse head and shoulder pattern.

However, now question arises is that the peak is achieved as we are seeing some sell signals being generated. Keep watch and if 11300 level is broken on lower side be ready to see some 5% fall in Nifty. However, remember that bullish trend remains intact if 11500 level is maintained and we may see Nifty touching 11800 and higher levels. Another leg of bullish trend commences if sustains above 11800 level.

As a disclosure our clients are long in Nifty since 10600 level and are benefitting with our Nifty tips and Bank nifty tips. The key to success in market lies in spotting the trend at accurate point or may be with a time lag of 2-3 days to catch the bus. If you are happy trading stocks than none can beat our share market tip of the day and be out of the market before 11 AM everyday with profit. Are you ready to join the elite gang of traders?