…..And finally NIFTY has closed below the Head & shoulders, fully matured with 35 trading days in “Incubation”, I have been yelling for the last couple of weeks. This confirms the chart pattern. Unless anything unusual happens markets are more than likely to from heavily next week to 3850 or beyond.
Trading idea: 
I have been advocating a Straddle strategy right from 4500 (through my Blog). This, at the confirmation point of Head and Shoulders, today, has turned heavily positive and those who followed it will be gaining risk-free profits next week too.
I have been advocating a Straddle strategy right from 4500 (through my Blog). This, at the confirmation point of Head and Shoulders, today, has turned heavily positive and those who followed it will be gaining risk-free profits next week too.
1115 AM: At around 3850 (Nifty Spot), you may clear the straddle and go for a fresh straddle of 3800.
