Wednesday, September 2, 2009

Bearish Flag and Pole in Nifty/RelInfra - 02 Sept 09

Nifty Intraday chart - 5 mins:

RelInfra Intraday Chart - 5 mins:

Watch out for the clear cut breakdown with volumes, Nifty is trying to be in range bound trade would be of high risk. 4600 may act as a good support in between any short trade can be taken below the support level only.

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