Friday, 14 March 2014

Nifty Weekly Update

Monthly Chart

Above is monthly chart of nifty. It is breaking out of very long term consolidation. A monthly close above 6350 will be very very bullish. 

Weekly Chart

Weekly chart with Elliot wave count for OCT 2008 low. Currently in wave iii which will go past 7200. 

Hourly Chart

Hourly chart shows Nifty taking support close to lower price channel line. There is flag formation on hourly chart which will give breakout above 6535.

So Plan your trade accordingly and Happy Trading :) 

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