July 25, 2011

NIFTY 5 Minutes Chart

CHART-III
  • Triangle breakout followed by Day high breakout has given good up move for intraday Bulls.
CHART-II
CHART-I
  • Nifty is getting resisted at the previous resistance level 5652
  • This level has to be taken out convincingly buy bulls for a larger up move to happen
  • Price staying below 5613 may favor bears
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