July 24, 2012

NIFTY Diamond and Rising Wedge update

  • Nifty's Rising wedge has performed well so far.
  • Performance of rising wedge has also helped the Diamond pattern to look good.
  • Now for continuing the down move price has to close the day below 5090 - 5100 zone which is the 50 and 200 Day SMA.
  • For bulls need a bullish candle from the above mentioned zone to negate the completion of the patterns.
  • S&P 500 EOD UPDATE


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