DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application ofTechnical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.
NIFTY (5749.5)
Nifty had already made a LOWER TOP (see chart) but not a lower bottom.If it breaks 5693 it will make a lower bottom & one can initiate Shorts on Rallies.click on image to enlarge
If it does not break 5693,it may make a Triangle Pattern & one can initiate action accordingly as a breakout occurs.click on chart to enlarge