November 18, 2010

Nifty Futures Intraday update

NIFTY FUTURES 15 MINUTES CHART
  • An ascending Triangle with a Descending broadening wedge.
  • These are reversal patterns. But The hourly trend is down so unless the reversal is confirmed it will be risky to go long.
  • For the day 6042 was never crossed convincingly. 6050 and 6145 are resistance to cross for bulls to gain strength.

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