July 20, 2010

Nifty daily chart analysis



NIFTY FUTURES
  • Nifty spot daily chart is trading in a raising wedge and will give direction soon
  • Nifty is also trading between the 5 day high and low ema for the last 3 days without giving proper direction.
  • Nifty futures range is also contracting so i feel a big explosion is about to happen in the coming day's. May be the raising wedge will give an early indication to which side it is going to be.

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