Nifty 7700/- As per the chart nifty is showing both bullish and bearish pattern. Nifty has taken support around 7500-550 levels two time over a period of three months which indicating some bullishness. So till 7500 is taken out decisively bears cannot be dominate. Another thing to be noted is that nifty has also formed H&S pattern and has broken the neck line taken support and approaching the neck line. will it be a H&S failure or not or will move further downward.IF H&S is confirmed that we can expect 600 points from 7700 a target of 7100 so wait and watch.

Mahiidar M

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