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SGX-Nifty inverted ascending Triangle

SGX-Nifty inverted ascending Triangle

Interesting pattern, holiday markets bears working overtime. The inverted ascending triangle ( bearish pattern ), horizontal base comes around 12730. Any break here would take move towards 12250 a 500 point move. Longs aside, shorts time to hold and initiative more on break outs. Alternatively buying deep out of the money puts or selling at the money calls.

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