Nifty is forming cup and handle at 16000 .. Target of 16200 shortly.
Inverted Cup and Handle made on Daily TF. Monthly Fibo level market.. Support can be from the channel or from the inverted C&H level mentioned.
Cup and Handle Formation. . Flag formation on breakout level. TGT - 155.5
Strong Rejection from the Top. Might come back to check support. Waiting with tracking positions and orders placed for resistance 123.8
Expect to come down to check 271 resistance.. Or Take Support from EMA 50.. Since SMA 10 is making a downward curve on top.