S&P CNX NIFTY INDEX FUTURES
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Watch out for Nifty head & shoulder pattern

There might be good short opportunity in Nifty once the shoulder of the pattern is broken. The first target could be the nearest gap at 12400
Not
Price is testing the neckline after making a new high. Divergences are visible in many momentum indicators. Below 12740, downward pressure will increase.
Not
The pattern turned into an expanding channel today.. Short once price breaks 12750 with a strict stop loss
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