NIFTY SPOT Weekly CHART - SEMI LOG SCALE

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Mar 14, 2015, 1:18:01 PM3/14/15

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NIFTY SPOT Weekly CHART - SEMI LOG SCALE

20 months Rising Wedge Formation(Black)

We may witness a breakdown below 8630-8600(Red)

Minimum Bear target for the pattern is 8000-7600.

Nifty gave NaMo Rising wedge breakout last May(Blue).

Nifty is constantly taking support on NaMo line(Pink)

Support line may be a Bear Trap below the breakdown.

Last ray of hope for Bulls is now at 8500-8400 range

NIFTY SPOT Weekly CHART - SEMI LOG SCALE.JPG

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