Wednesday, June 12, 2013

NIFTY



we have seen Nifty didn't cross 6300 levels and consolidation in between rising diagonal pattern which means Bearish ahead. and 5650 as very good support area levels to bounce . if it falls out of the pattern as showing in this above image then we could see a free falling pattern in nifty as I say before till near 4000 levels.

                       This time ,I think USDINR may consolidate in between 57 to 59 levels for 1 to 2 moths but ultimately I think it should come at least near 50-51 levels again . but question is ---If NIFTY falls from here then how could USDINR be near 50-51 levels. Frankly speaking I don't know but chart pattern says to me like this as I said. LETS SEE.

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