- Head and Shoulder[H&S] Pattern is Visible on the daily charts of Nifty.
- Today Gap down opening takes place , under the trend line, which can be viewed as breakdown from H&S neckline.
- However nifty has been trying to take support at 6185, failing which nifty may fall to 5900.
- Immediate support is at 6185, 6170, 6150, 6130, 6100, 6088, 6040, 5972.
- The Immediate trend line can now act as minor resistance in the short term,
- Resistance , 6222, 6260, 6300.
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