Reigning The Nifty - 4th February, 2010

 Daily Chart

 

Half Hourly Chart

• Bullish white candle forming an "Inside day".
• Half hourly oscillators in neutral zone.
• Daily oscillators are moving up from oversold zone indicating possibilities of some more upside.Movement in a bear flag shown on half hourly charts may cap the upside.

The inside day gives 4951 and 4814 as upside and downside levels for further direction . If fails to breakout beyond these levels then will be difficult trading with a sideways movement.Advance Declines were skewed hugely towards advancing stocks. However volumes were pathetically low.Low of 4766 holds keeping the pullback alive.




Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com