UPDATE - NIFTY SPOT EOD CHART DT 13th JUNE 2011 - INV H&S PATTERN : 5605 AND FALLING WEGDE PATTERN : 5505 - LEVEL TO WATCH OUT 5480 ON NIFTY SPOT ON CLOSING BASIS

NIFTY SPOT EOD CHART DT 13th JUNE 2011

LEVEL TO WATCH OUT 5480 ON NIFTY SPOT ON CLOSING BASIS

THERE IS INVERSE HEAD & SHOULDER PATTERN FORMATION AS SHOWN IN DAILY CHARTS WHERE THE BREAKOUT LINE / LEVELS COMES @ 5605 ON CLOSING BASIS

WHICH WILL TARGET NIFTY SPOT TO NEAR 5880 , SL WILL POST LATER

ONE MORE FALLING WEDGE PATTERN FORMATION ON NIFTY SPOT CHARTS

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5505 TODAY 14/6/11

WHICH WILL TGT BTW 5620-5640 BY 22 JUN 2011

STOPLOSS REVISED TO 5480 FROM 5460 ON CLOSING BASIS DT 09/06/2011

BUY TRIGGER ON DT. 27/05/2011 ON CROSSOVER @ 5425

FOR TGT 5530(HIT) / 5640 / 5750 / 5830 ALL TGT INTACT

AS PER FALLLING WEDGE PATTERN ON NIFTY SPOT DAILY CHARTS CONFIRMATION / BREAKOUT HAPPEN ON CLOSE ABOVE 5460 DT 30/05/2011 FOR TARGET : 5830-5860 NEAR 23TH JUNE 2011 +/- 2 DAYS