Khayali Pulav!
Expecting the market to open a gap down tomorrow.
There is a huge resistance at 16400 and market is continuously rejecting from that levels.
Additionally, there is Head & Shoulder pattern forming in addition to double top pattern. Mostly double top pattern has done its work but still, H & S pattern has broken the neckline and retested it.
Nifty is still following a parallel channel and it should test 15700 level. Right now, I'm carrying 15700 PE in real trade.
Please see chart for study purpose.
