Nifty might head to 4250

While trying to analyze I find that the head and shoulder pattern is apperent. Considering the neckline and the height of the pattern one can see that the predictable fall of 200 points is possible from the neckline.

The neck line can be roughly put at 4450 and hence we might see the Nifty seeing 4250 level. I would not trade based on this call but would be cautious in my action.

Do post your comments . . .

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