> Nifty trying to form a Head and Shoulder. In such a case, Price may try to get support near 7730,7710 or 7690. If holds these support, Expect a bounce back to form the right shoulder. Hope the above chart and strategy gives you a clear idea of whats next on nifty.
Friday price made a U turn from 8150 or the channel support as shown on above chart.
Hence forth, it may be an 1-5 upmove - and may test the wedge top as shown on chart.