CNX NIFTY: Daily Review at Closing,

Hourly Chart

1. Nifty Negate the Double Top Pattern in today's session as it closed above 7925( the support broken yesterday).
2. So now we have a Probability that it might be forming complex Head  & Shoulder Pattern.
• Double Left Shoulder
• Double Head
• Down Sloping Neckline
• The above probability will be negated in case nifty breaches level of 8030 on the upside.