Half Hourly Chart
Half Hourly Chart II
On the way to achieving 6000. Support made today at 5606.The rising wedge shown in my Midday post ( http://vipreetinvestments.blogspot.com/2011/06/midday-nifty_30.html ) was nullified with the Nifty moving up after a brief break down.
Half hourly chart II shows the rise to be sharp and the Nifty will need a lot of strength to keep above the uptrendline.The negative divergence persists.Support on the uptrendline at 5630 and the channel support is at 5618.
Short term trend is up but remain cautiously long till the lower high of 5944 is crossed decisively.
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