Nifty 50 stocks study charts

Wednesday, January 23, 2013

Nifty 23 Jan 12 9:35 AM

                                                nifty daily chart

Nifty is moving up making narrowing wedge pattern. As shown in the chart, it is facing resistance on upper trend line of the pattern but may find support on the lower trendline also. Breaking one of these trend lines should give direction for the nifty on either sides.

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