AUTOMATED TRADING

AUTOMATED TRADING

30 May 2013

TOP IS NEAR

Nifty top is very near. The maximum Stretch I am assuming up to 6290-6310. As we are seeing in hourly chart below that it seems that expanded triangle pattern has form. As per chart Analysis it is in its final leg of expansion and  If nifty enter above green trend line and if it close above this trend line as shown in picture below then there will be high possibilities that nifty may jump up to 6290-6310 level. After that a big fall is awaiting in market. And if nifty break below lower thick red trend  line then down move may stretched. In very short tern any slide below 6070 will increase the possibilities for downside. Trade cautiously. Weakness in rupees may flow water on bulls expectation.

  


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