August 23, 2010

NIFTY HAS A FLAG PATTERN

  • Nifty has made the upside breakout. NF was resisted at 5541.
  • Now keeping 5520 as stop loss one can try for 5550 as minimum target

  • Nifty futures is showing a flag pattern.
  • This being a continuation pattern breakout is expected to be on the upside.
  • But beware of  false breakouts too.
  • NIFTY INTRADAY LIVE CHART WITH EMA

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