September 20, 2011

Diamond of Nifty futures

CHART-II
  • Nifty has to close above the resistance line of the diamond pattern for continuing this up move.
  • Next resistance level for bulls to cross is 5174
CHART-I
  • Price moving towards the resistance line of the diamond pattern.
  • if hour sustains above 5070 level price may hit the upper resistance line.
  • We may see bigger movements once this pattern gets resolved.
  • SBI CHART ANALYSIS

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