Trading the markets Technically

Monday, July 03, 2006

NIFTY 1 MINUTE CHART IHS

Nifty cash formed an inverted Head & Shoulder pattern around 12:27 PM today. This formation was on 1 Minute chart. The target was 3132.50, which was acheived in 8 minutes flat. Actual High reached was 3133.75. Please see the attached chart. The main stock which pulled the Nifty up was Reliance: see the attached chart.

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