Midday Nifty

 Half Hourly Chart

Consolidation around the 5580 levels where an Inverse head and shoulder pattern is forming the right shoulder.Check out my post  http://vipreetinvestments.blogspot.com/2011/07/inverted-head-and-shoulder-pattern.html . Neckline at 5580 and a breakout will give a target of 5660.

Break of 5497 will take the Nifty to 5405.


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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com