Nifty 60 mins.
Imperative Moment in Nifty.
After a long advance, Nifty has started showing signs of weakness and currently stands at a crucial juncture.
The above posted 60 mins chart shows the built up of Head & Shoulder pattern with it's NL at 5828. A break below that will push the Indian benchmark index towards the 5550-5600 mark. However, with a major support at 5770.
However, another important point to be noticed is today's gap down opening. This gap will act as a major resistance at 5875. Till the time Nifty does not breaks this gap and moves upwards to breach the 5900 mark things remain on the negative for our index.
An attempt could be made by the bulls to break the gap. Hence, one needs to take caution as all gaps are generally filled.
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Nifty today opened on positive note. It is highly sensitive representative index of NSE. Companies which are top performing in their sectors are usually listed on it. For boosting returns from market best intraday tips are very helpful.
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