Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/lucksr

Monday, December 7, 2009

Reigning The Nifty - 8th December, 2009




Half Hourly Chart




Daily Chart




Daily Line Chart






  • Support taken on lower trendline of sloping channel shown on half hourly charts. 
  • Third consecutive day of lower top lower bottom on daily charts.
  • Line charts show a lower top and has helped in keeping in mind that the breakdown target of 3850 is still valid.
  • Closing below 4942 will be  indication of  further weakness.
  • Daily oscillators too have been weak through the rise from 4538.
  • Supports marked on charts for reference.
 Trade short  with stop loss as per risk profile


 
Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

No comments: