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Tuesday, 25 February 2014

Nifty weakness for February March 2014 series - Rising wedge chart pattern - 25 Feb 2014

Above is chart for Nifty spot after 25th Feb 2014 closing.

Clearly it is forming a small rising wedge chart pattern.

A rising wedge chart pattern is very bearish.

So we can expect Nifty to fall to 6100 very soon, may be immediately after expiry is over.

Sell any weakness below 6198 with March 2014 series Nifty future.

Anjum S Khan