Friday, March 2, 2012

05/03/2012 Trading views

Nifty made a low of 5268 and high of 5459 for the week and closed at 5359 for the week.

Nifty has formed a symmetric triangle in the hourly chart. The breaking point of this triangle comes at 5300 in the downside and 5400 in the upside.

Breaking of 5400 can take towards 5600 and breaking of 5300 can lead to test 200 DMA 5170.

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