tomorrow nifty may open with a small gapup near 6167 and may trade in 6189-6126 range and probably may close near 6157 again
a small expanding triangle is developing within a larger expanding triangle in nifty 30min charts
6178-89 is res of upper trendline of smaller expanding triangle
and near 5970 is support of lower T/L
abv 6200 larger triangle will come into play with upper t/l near 6314 and lower T/L near 6000 and both willmove up as day passes
trade:sell near 6178-85 wit
h sl abv 6210
trgts 6167-41-26
exit shorts near 6130 and go long with sl below 6114ns for friday trgts near 6210-6243-6262
a small expanding triangle is developing within a larger expanding triangle in nifty 30min charts
6178-89 is res of upper trendline of smaller expanding triangle
and near 5970 is support of lower T/L
abv 6200 larger triangle will come into play with upper t/l near 6314 and lower T/L near 6000 and both willmove up as day passes
trade:sell near 6178-85 wit
trgts 6167-41-26
exit shorts near 6130 and go long with sl below 6114ns for friday trgts near 6210-6243-6262
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