Wedge or Non Veg ?

Hi All,

As expected in the morning, Nifty fell sharply in the early hours, took support near 7820 mark and rallied up sharply again to take resistance near the mentioned level of 7890-7900....

Now after breaking 7800 minutely, Nifty again started rallying higher.

On the intraday chart look like Nifty has made a bottom as it has given a break out from a kind of Falling Wedge pattern.

Rrad more on Falling Wedge Pattern

With lows below 7800-7790 acing like good supports, Nifty can rally higher only if it sustains 7850 level on the higher side

Cheers