Half Hourly Chart
Gap down open, gap covered and moving down again. Diamond pattern detected on 8th June -- read post here http://vipreetinvestments.blogspot.com/2011/06/midday-nifty_08.html -- target of 5415 achieved !!
If the low of 5404 does not hold then the inverse head and shoulder pattern is nullified and the right shoulder of the bearish head and shoulder pattern will continue forming.
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Happy Trading !!