Growing uncertainty over the completion of 'Phase One' deal between two dragon economies is keeping the Indian benchmark in the grip of bears. Nifty50 was opened on a positive note at 11,858 levels and witnessed a roller-coaster ride as market participants are acting over the pessimism in global market. Infosys, Bajaj Finance and HCL tech are top gainers while Infratel, Indusind Bank and Bharti Airtel are top losers. On hourly scale, the index has given a breakout of 'Head and Shoulder' pattern that signals for a bearish reversal and possesses high reliability. The index is slipped below 100 hours Moving Average. RSI is trading at 38.72 levels showing no signs of divergence and oversold.