September 21, 2010

Nifty daily analysis

NIFTY SPOT MONTH CHART
NIFTY FUTURES 30 MINUTES CHART
  • Two charts, first one is the month chart of nifty futures with fib levels. Seeing the Fib levels and the current month's price action, there should be enough momentum to equal the all time high of nifty. We have to see if nifty will exceed it or not.
  • Second chart shows price breaking out of a broadening pattern. This breakout will take Nifty spot above 6000.

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