DAILY CHART FLAG FORMATION
- Nifty made a good closing yesterday after breaking the resistance.
- The index is also showing a flag formation which points to bullishness.
- But the major hurdle for the index will be 5310-5330 on closing basis. closing above this will be very positive for nifty to go above 5400.
- Break below 5225 will invalidate all bullish moves and on a close below 5225 one can go short.
- CLICK HERE TO SEE HOW NIFTY FUTURES BROKE ITS RESISTANCE LINE YESTERDAY