Short Term Update - Nifty

Nifty bounced off the triangle support today if today's low is held, we might be retesting the recent highs, even 11200, where Head and shoulder pattern completes and there is a resistance there too. All depends on how nifty will react to the recent highs near 11000. With the budget due on February 1, 2019. this all might be a technical set up before a big fall as per the price pattern. However, long or short enteries will be taken basis the price action that is seen around the important price levels, like 11000 and 11200. Play safe going ahead.