Nifty A diamond in the making ready for a 640-700 point movement

Nifty CMP 10852

We have seen a nice expansion pattern and then a contraction pattern in Nifty. All forming a nice diamond in the making...

Now we could be in for some directional movement. Diamond chart patterns are associated to reversal pattern. Be ready for a 640-700 point movement.


Take care & safe trading...!!!

Trade closed manually:

Nifty
CMP 10728
Not getting the kind of fall

Looking to close the trade for time being...

Take care & happy trading...!!!