CNX NIFTY: Daily Review at Closing-16th September,2014

Head  & Shoulder Projections

• In Yesterday's session, we had seen a breakdown from H & S Pattern via Gap Down Opening and a pullback to the neckline of the H & S Pattern.

• In today's session, we had seen a follow-up sell-off, completing H&S Pattern Projections.

Hourly Chart

• In Today's session a psychological support level at 8000 & important support level of 7970 was broken decisively.

• Successive Support is at 7920 & 7860.

• Immediate Resistance is at 7970 & 8000.

For Previous analysis , click on the link below:
http://techincallearning.blogspot.in/2014/09/cnx-nifty-daily-review-at-closing_15.html