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.

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.

Regards

Rish