June 10, 2011

NIFTY Intraday Update

UPDATED CHART
  • Now bears should protect 5480 - 5500 level.
TODAY
YESTERDAY
  • Nifty is still inside the triangle that we say yesterday. But this time it is close to the apex of the pattern I hope it is not another false breakout this time as triangles use to do often.
  • Note: A busted pattern can also give a great trade. If price comes back into the triangle we can reverse the trade for greater profits. 
  • Have strict stop loss. Happy trading.

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