Nifty 50 stocks study charts

Thursday, July 11, 2013

Nifty 11 July 2013 8:45 AM

                                                          daily chart

Nifty ia trading in the triangle and is about to open gap up above 5900 as per SGX nifty. If sustains above 5900 then it will be considered a breakout form the triangle which may lead to a short covering rally taking nifty beyond 6000. Rupee falling below psychological level of 60 is a positive sign and may help nifty go further. (So trade with trend but with right EXIT STRATEGY that is STOP LOSS and TARGET)

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