September 20, 2010

Nifty Intraday update

CHART - III

CHART - II (30 MINUTES TIME FRAME)
  • It seems NF will hit the resistance line and then take a decision to continue this madness or go for a correction.
CHART - I
  • NF is trading close to the resistance line of the broadening pattern.
  • Correction can be seen from here or after hitting the resistance line.
  • More upsides are possible only if Nifty SPOT sustains above 5940 as discussed in the NIFTY DAILY ANALYSIS.

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