Nifty making double bottom @2500

Good support have come again at the crutial level of 2500.

Its a double bottom in making. . . . (While the call is very early.)

If Nifty do not close bellow 2500 level one can take bullish postion with

SL of 2500.

Gujarat Gas First bullish sign. .

There is a good inverted head and shoulder formation in the Gujarat Gas counter
also it has broken the neck with good volume as can be seen in the attached

One can enter with Stop Loss of 200 and target of 240.

Hope every one will maintain stop loss after reading my earlier posts on stop loss.

Nifty 3160 level critical for Reversal

Check the following chart. As we can see there is probable Inverted head and shoulder forming in the Nifty bottom. In case Nifty ends up above 3160 level then we can see the target of 3775.
"One should buy only if Nifty closes above 3160"

x=height of the head and shoulder ie 3148-2524=624,
Targert = 3148+624= 3772