Nifty 50 stocks study charts

Friday, September 19, 2014

Nifty 19 Sept 2014

                                                                5 mins chart

Nifty ahas opened  gap up near the level of 8130 (8130 is very important level as nifty started its downtrend in a channel when it failed to sustain above this level as seen in the chart).
8130 is a decider.

PS- In my previous posts I have mentioned about channel breakout which happened yesterday as seen in the chart and nifty rallied more than 120 points. Channel breakouts are very powerful and longer the channel is longer is the surge after price breaks out of it.

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