Nifty 5day 5 min charts
an expanding triangle developing indicated in blue lines
a small -WW developing within exp triangle pattern with violet line indicating the target price line
lower T/L of exp triangle and trgt price line of WW pattern intersecting near 5830ns levels
although today US markets are in big green but i doubt that indian markets will open with big gapup on monday
green lines indicating probable path of nifty from lower T/L to upper T/L
probable path may be 5830ns to 6000ns levels
i am expecting probable lows may be near 5836ns and then it may move up uninterrupted towards 6079 levels in next week
6080-6134 may be strong resistance zone
abv 6134 may move up towards higher highs 6284-6356ns
expecting nifty to mak a lower low till mid noon on monday and from tuesday nifty will trap bears with a good gapup opening
an expanding triangle developing indicated in blue lines
a small -WW developing within exp triangle pattern with violet line indicating the target price line
lower T/L of exp triangle and trgt price line of WW pattern intersecting near 5830ns levels
although today US markets are in big green but i doubt that indian markets will open with big gapup on monday
green lines indicating probable path of nifty from lower T/L to upper T/L
probable path may be 5830ns to 6000ns levels
i am expecting probable lows may be near 5836ns and then it may move up uninterrupted towards 6079 levels in next week
6080-6134 may be strong resistance zone
abv 6134 may move up towards higher highs 6284-6356ns
expecting nifty to mak a lower low till mid noon on monday and from tuesday nifty will trap bears with a good gapup opening
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