September 2, 2010

FLAG OF NIFTY

CLICK THE CHART TO ENLARGE
CHART - IV
  • Nifty Futures will end the day within the range. A gap up or down may resolve this one tomorrow
CHART - III
  • FLAG Gave a breakout but did not go above day high 5508 which was discussed below.
CHART - II
CHART -I
  • Nifty futures 5 minutes chart is showing a bull flag.
  • But this can breakout on either side.
  • for confirmation an upside breakout should also take out the day high 5508.
  • If it breaks the support line it should break day low.
By at

2 comments:

  1. manuSeptember 2, 2010 at 2:33 PM

    san..amazing i ws nt knwng these flag do wrk..wht r u trgtng nifty nw

    ReplyDelete
  2. SanSeptember 2, 2010 at 2:52 PM

    @manu
    The flag is not going according to rules. the breakout should have taken out 5508 and gone higher.

    May be bulls will try one more time to break 5508 which can take nifty futures near 52 week high

    Thank you

    ReplyDelete

Subscribe to: Post Comments (Atom)