Daily Chart
Half Hourly Chart
Nifty showed signs of taking a breather after almost hitting the 5900
mark forming a doji for the day.The doji may be indicating just a breather.
The red pennant formed on the half hourly charts shows consolidation.The
last half hour candle broke out of the pennant giving hopes of the
upmove continuing towards 5944.If the consolidation continues 5765-5777
should be a good area to take support and resume the uptrend.
The
broad trend is up and pullbacks should be used to buy into the Nifty.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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