October 20, 2010

FALLING WEDGE of nifty futures

CHART-II
  • Support at 6003 has broken 
  • Next support at 5960. 

CHART-I

  • Nifty Futures hour chart is showing a possible falling wedge which can reverse this corrective move.
  • But for this to be an effective pattern NF should break the red line at 6002 and take support at the bottom line.
By at

4 comments:

  1. bullvsbearOctober 20, 2010 at 10:30 AM

    nice chart again San!

    ReplyDelete
  2. Dhiksuchi ConsultantsOctober 20, 2010 at 11:42 AM

    Corrective move means,up or down?
    where it go?I mean ur view is bullish or bearish?

    ReplyDelete
  3. SanOctober 20, 2010 at 12:06 PM

    @dhiksuchi
    If the resistance line of the wedge breaks then it will go up.

    ReplyDelete
  4. SanOctober 20, 2010 at 12:06 PM

    Thanks sekar

    ReplyDelete

Subscribe to: Post Comments (Atom)