DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
Monday, October 24, 2011
NIFTY IN TRIANGLE
Nifty is trading within the triangle since last 5-6 trading sessions as shown in following chart.
If it breaks from this triangle nearly it will give target of around 150 points. Since nifty is trading in narrow range since last 11-12 weeks keep possibility of false breakout/ breakdown and keep tight stop loss just below the low made within triangle before breakout for uptrend or just above the high made within the triangle before breaking down for down trend.
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
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