September 8, 2010

Broadening pattern of Nifty

CHART - III
  • NF Got resisted near the top of the pattern is now moving towards the support line.
CHART-II
  • Nifty futures is getting close to the resistance line of the broadening pattern
CHART - I
  • Again its one of those broadening patterns this one in 15 minutes chart.
  • Remember we have one going in the daily chart which was posted today.
  • Violation of support or resistance lines can give good direction for the short term.

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