Monday, July 22, 2013
Nifty
It is in the formation of right shoulder of 15 weeks Head and Shoulders - Top pattern. And 3 weeks Ascending Wedge, which is bearish pattern. Important level to watch 5970, 6070 and 6120. If Nifty close below 6000-5970 than can go to 5850, 5750 and 5550. H&S neckline is at 5548, below it 5150 is possible.
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