03022012

Very difficult to trade type of market today.Nifty opened within yesterdays afternoon range and tested the patience till 2' o clock.Market was making slight higher lows and it showed the higher probability breakout is to the new highs. In such situations one can attempt a breakout trade as there will be a lot of stop orders above this.First pull back after the breakout also can be taken
 Wedge pattern shows accumulation and likely breakout to new highs
 Triple tops and triple bottoms will normally break out on the 4th attempt.