March 25, 2011

Nifty 5 Minutes chart

  • Nifty SPOT 5 minutes chart with the staircase pattern. Typical bull market move were consolidations result in an upper breakout.
  • The trend in shorter time frame is intact for bulls. Only negative is today's GAP which may get filled at some point today or next week. It's the price action that follows the GAP filling that we have to watch for.
  • Break of the trend line will be negative for the bulls. 

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