Scary nifty pattern HNS

Nifty is looking weakwith FII are continuously selling. Now it looks like the downfall is yet not over. Or it's just make believe. Well, it depends if neckline of HNS pattern is broken and confirms the pattern. Or it's just to scare weaker bulls. Only time will tell. Let's see.

Another thing to note is, if it falls, it will be solid 11% correction for Nifty. That will be a significant correction. A little more than anticipated.