EOD of Sept 6



NIFTY DAY CHART

Nifty has got resisted at the trendline which also happens to be a channel resistance. Immediate resistance above this line might be met with the rising wedge. A move above this (approx 5110-20) and a close above this would lead to more upsides and invalidate the rising wedge.

The TrendLine resistance and Rising wedge formation in Hour chart. Resistance at rising wedge would be around 5110. A breakout above this would invalidate the rising wedge and the inverse H & S formed would come into play.