NIFTY TRENDS

Tuesday, December 2, 2008

Nifty 3rd Dec 2008









These are the Nifty futures charts. The first chart is the Daily chart. We can see that there was a rising wedge from where there was a breakdown. The target which we get from this is 2500 and below.

The second chart is the hourly chart. Here we see a rising channel. Any rise near 2738, 2781 will see good amount of selling pressure . So, trade accordingly and follow the trend!!

REGARDS

Nifty Trend Team

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