Thursday, January 09, 2014

Nifty technicals discussed

Hi friends,
                   Nifty has been sideways now for few days atempting a sideways pattern
a closer look at the chart shows us that the yesterdays move was a triangle
now if the triangle has started from low then we have upside capped,But if its a b wave triangle
then we can see a sideways uppish move till 6200-6230 .
The following chart shows triangle
And the big picture is shown in following chart.
Lets see how nifty behaves



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