
last 4 Tuesdays nifty have been very bullish
mondays open are bearish but late recovery was seen near EOD
on mondays nifty could not break above fridays high but on tuesday nifty trade mostly abv fridays high
ABOVE CHART WAS POSTED ON 16TH DEC 2011 OF A PROBABLE BREAKDOWN FROM HEAD AND SHOULDER PATTERN NEAR 5450 LEVELS...SEEMS NOW NIFTY IF SUSTIANS ABV 5400-5450 RANGE MAY RETEST NECKLINE OF HEAD AND SHOULDER PATTERN NEAR 5740 LEVELS BE4 A BREAKDOWN FOR TRGTS OF NEAR 4100 LEVELS
NEAR 5740 LEVELS COMES CHANELL RESISTANCE AND THAT MAY COME BY 15TH OF FEBRUARY
CHART1
CHART 2
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