nifty seems to be forming triangle for the last one month.The two alternatives are given in the above chart under alternative one which is given in ash colour gives an indication that the pattern in in process of completion and once completed we can expect the market to come down. in alternatve -2 we are in the process of completing wave-d post with wave-E would commence which can move up to 6150 and post with we can move to new high. So we have to wait for market to give which structure its forming.

M.Sri Mahidar
Trend is Freind.