Nifty 50 stocks study charts

Thursday, October 10, 2013

Nifty 10 Oct 2013 8:33 AM

                                             30 mins chart

As I have mentioned in my previous post above the Channel target for nifty is 6050 and yesterday's bullish engulfing candle says real target may be more than 6050.  Remember we were in the sideways trend which formed a channel pattern for more than a month and it was decisively broken out yesterday which says more upside from here.

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