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RISING WEDGE and its IMPACT


Nifty is struggling to move past 5310 after it marked this high on 06/Jan/2010 in the last 9trading days there is some tiredness shown by the Index.

On 27/02/2008 Nifty made a high of 5368 and after 459trading days 5368 seems to be very big resistance to cross.

Now Nifty has made a rising wedge in a rising market which is normally bearish but we have odds when in rising market rising wedge has given good returns also

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