NIFTY - Local market reversal likely after a retrace

Premise:
1. The right shoulder of a possible inverse head and shoulders will form as described
2. A bullish divergence will appear on the Daily SRSI along with a retrace to the OTE
3. The market sentiment will lean slightly bearish

Execution:
1. Single point entry at 10245
2. Stop Loss at 10029
3. Target is 11220

Result:
1. A 5:1 RR trade is executed