Is it forming an Inverted Head And Shoulders?

Look at the chart. At present it look like so. This can be confirmed if NIFTY breaches 5100. “If” this happens, then we can be almost sure that NIFTY is going to fly high which will have a potential to take NIFTY to 5300 to 5350. Note that I am revising my target from 5180, which was mentioned earlier….

 

Note that my 2000 NN signal is far from giving a SHORT signal.

 

DOW: I am giving the DOW update too, along with this, as promised in the morning. I had mentioned that DOW can touch 9977 (which was an approx measure on the bottom trend line) before the US market starts. It came too close to this level. That is 9981. Now it is getting back. It is at present trading 10020. Just behaving as I expected. Of course, there is no rule that it should move the way I expected. But, it is happening now. I am glad. Compare the chart posted today morning for your study.

 

So we will expect the “totally unexpected” by tomorrow. Get ready…

 

Note: I had mentioned earlier, DOW is a very data (Unemployment, housing, consumer spending…I do not know what data will come today.) sensitive market and anything can happen at any time. My analysis is purely on Technical Basis.

 

 

 

 

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES