June 7, 2011

NIFTY Intraday Update

CHART-II
  • Now price should sustain above 5542 level for moving towards 5575 - 5580 level.
CHART-I
  • Nifty hour with a bullish consolidation pattern.
  • Bull flag will be strong and favor bulls till 5479 is not breached.
  • Breaking the resistance line and staying above 5442 will favor bulls.
  • For bears breaking the dotted support line inside the pattern will give some profits. But bigger profits only if they manage to break below 5479 level.

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