December 24, 2010

Nifty Daily Analysis

  • The range of nifty getting narrow as shown in the weekly chart. 
  • This consolidation should give direction today or next week. As price is close to the apex of the pattern it will give good direction soon.
  • Nifty tried to breakdown below the support line but came back to close within the range.
  • INTRADAY PATTERNS AT WORK (DESCENDING TRIANGLE OF S&P 500)


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