NIFTY - 11,718 OR 11,178. WHICH ONE??

NIFTY IS FOLLOWING H&S PATTERN ALONG THE INCLINED LINE.

IF THE TREND LINE IS FOLLOWED, THEN EXPECT 12,174.

IN CASE THE TREND LINE IS BROKEN THEN EXPECT THE LEVEL OF 11,178.

DAY CHART INDICATES THAT THE INDEX WILL TRY TO REACH 11,718 ONCE THE RESISTANCE AT 11,600 IS CLEARED.

WEEKLY CHART INDICATES THAT THE INDEX WILL GO BACK TO 12,174 LEVEL SAY IN 2 MONTHS TIME FRAME.