Thursday, September 25, 2014

Update on Nifty Spot EOD chart dated 25th Sep, 2014

The Larger F-leg of the diametric has ended at recent top. The last leg formation has been a distribution pattern in the form of an extracting triangle, which is highly bearish at Top and bullish at bottom. Heavy caution needed as this may be the first a-leg of the diametric G-Leg down.

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