Wednesday, 4 June 2014

Nifty Update


Nifty is consolidating in conservatively 400 and aggressively 500 points triangle.

  Support line connecting lows from 7210 was broken today. Below 7390 (today's low) Nifty is heading towards 7330 and then 7280. Break of 7210 will make bears very aggressive and Nifty will be heading towards 6800 odd levels. 

On the other hand break of 7450 will break pattern on upside and we will be heading towards 7800. 

So plan your trade accordingly. 

Best to your trading. 


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