Indice Nifty 50
Short

NIFTY-Still the threat of Triple Top Pattern Persists

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NIFTY : Struggling around 22000 to hold it. NIFTY has formed Triple Top which is a bearish pattern.strictly going by the pattern for the neckline breakdown at around 21900 its likely to drift towards 21500-21000. NIFTY drifting below 21900 on closing basis expect more selling pressure to come to take it towards 21500-21000 levels. The pattern will get negated if NIFTY starts giving a close above 21150-200levels(For educational purpose only)

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