Reigning The Nifty - 9th March, 2010

 Daily Chart

 

Half Hourly Chart

• Bullish candle maintaining above the uptrendline of the channel  shown in daily chart.Support at 5100.
• Daily stochastic has given a sell in the oversold region, Rsi14 and macd moving up strongly.
• Half hourly oscillators still showing negative divergence.
• Moving averages on all time frames giving bullish bias.

Trend continues to be up . Fresh longs only on dips. Stop loss of 5070 on  exisiting longs.

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com