L & T Bearish

It has Breakout of 14 weeks Head and Shoulders - Top Pattern, which has neckline at 900 and support line at 875. Trade Short on rise with stop loss of 901 for pattern target of 754.

Nifty

It is in the formation of right shoulder of 15 weeks Head and Shoulders - Top pattern. And 3 weeks Ascending Wedge, which is bearish pattern. Important level to watch 5970, 6070 and 6120. If Nifty close below 6000-5970 than can go to 5850, 5750 and 5550. H&S neckline is at 5548, below it 5150 is possible.

Bank Nifty

It has close below 4 weeks Flag pattern. Trade short on rise with stoploss 11200-11300 for target of 10500 and 9900.

Nickel

It is on the verge of breakout of 10 weeks Head and Shoulders - Top Pattern. Neckline is at 810. If it close below 810 on friday, one can trade short with stoploss of 828 for target of 765 and 710.

L & T

It has penetrated the neck line of 4 weeks Head and Shoulders -bottom pattern at 971 in intraday today, but has close below it. Trade long if it close above 971 with stop loss of 952 for target of 1020-1031.