This week too, NIFTY failed to pierce through the Top trend line “T”. As you can see, piercing through trend lines shown decides the future direction of NIFTY. So we have to wait for the price action to prove, where it is heading.
USD/INR: Indian rupee, continue to move between the pattern trend lines shown. A breakout above or below the trend lines decides the direction.
Gold: It continues its up trend. A breakout above the trend line might take it to dizzy heights.
Crude Oil: It resisted the trend line and witnessed a sharp fall this week. Looks like an indication of a sharp fall, unless the trend line is broken upwards.
