NIFTY to rise up - A roller Coaster Ride is expected both side.

Long

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTYV2020)

NSE:NIFTYV2020 S&P CNX NIFTY INDEX FUTURES

NIFTY has been in a range of 11,200 - 11,300 during I week of OCT. Brake away upside is more likely coz on 5 Min chart there is an inverted H&S appear. That has a clear TGT of 100 - 150 points (Equivalent to 100 - 150%) of the range-bound move. However, if we see any GAP Up opening towards 11,360 - 11,370 fed it first for 11,300 - 11,315 and again go long for 11,400 and then again go short near 11,412 for a sharp correction towards 11,280. Overall its going to be a roller coaster ride today in NIFTY.

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