Daily Chart
The Nifty managed to remain within the pennant leaving traders guessing about the immediate direction which has been sideways since the gap down day.
Half Hourly Chart
The half hourly chart depicts traders frustration with a yo-yo within the triangle.A break from this pattern should set the short term direction. However the trend in the medium term is down and should be kept in mind when initiating longs as per short term signals.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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