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NeeteshJain
Sep 8, 2017 8:35 AM

NIFTY - UPCOMING FINAL "DIRECTIONAL BREAKOUT"  Education

Nifty 50 IndexNSE

Description

It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market.

Key Levels: Support 9910 Resistance 9965 (55 points range)

Comment

Currently, Markets consolidating, It is wise to not take any new trades until further direction is confirmed. Thanks

Comment

Nifty continues to be range bound as both key support and resistance levels still intact. Thanks.

Comment

Another way to look at on daily chart,



Levels 9910 & 9960

Thanks
Comments
nalinakshi
i have also posted nifty view with different indicators, they also s upport your view, i feel nifty will breakout upside.
anupam_ahuja
Any divergences that you've noticed - positive or negative? Regards
NeeteshJain
@anupam_ahuja, I would go for Daily chart breakout to further decide on the same. No expectations, will just follow the market once confirmed. Thanks
anupam_ahuja
@NeeteshJain, Right chief, agreed. Regards
anupam_ahuja
A
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