Nifty Sept 2014
Nifty monthly chart
Nifty monthly chart
Nifty was consolidating between 4500 and 6330 for last 4-5 years which was approximately 1800 points. It broke this range upwards at 6330 and touched 8180 which is again 1800 points approx.
Nifty Sept 2012
nifty monthly chart
Nifty as shown in the chart has formed flag pattern and brokeout from that indiacating fresh upmove from there. It has also formed SAUCER which indicates strong base formation. Nifty as per our view should make newer highs in coming months or in years breaking resistance at 6300.
(New view has been posted at the bottom of the blog under the heading of Important posts)
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