Friday, June 06, 2014

Nify Squeeze

Hi friends,
                 Nifty continued to squeeze ,It broke from the contacting squeeze yesterday
and is trending up,Above 7504 it would be confirmed triangle has been broken out.
Lets see the full picture.
Nify Squeeze
From the chart it can be seen
the red lines of triangle
has been taken out and has 
closed above that.Now as 
long as it holds above that nifty 
first target comes at 7503 and above
that nifty can target alltime high above
previous high which it made on election
result day.

The green dotted slanting trendline is the support line till that is not voilated nifty uptrend
would continue.



Vijay said...

pls give fresh views for Monday's trade

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