Wednesday, April 16, 2014
Extracting Triangle Probability in Nifty Spot
Probably we are in d-leg of the extracting traingle after which the e-leg will again go towards 6800.
The e-leg has to be less than 168.65 points. Preferably between 104 - 135 points.
Nifty Spot Hourly Chart
Mark the down-trending channel and any dip below 6692 Nifty Spot will suggest forthcoming weakness. Making a new higher high without breaking 6692 will deviate the assumptions.
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