Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, January 25, 2011

Reigning the Nifty - 25th January 2011



 Daily Chart




Half hourly Chart




Upward breakout from the triangle shown in yesterday's post has given the upward direction. Resisted at the previous top of 5747 and the 23.6% retracement level of fall from 6181. Trade above 5747-5732 tomorrow will likely have a bullish follow up.A higher high higher low formation visible on the half hourly charts seconds this view.A move upto 5870 is possible if stays above 5747.

Resistance is at 5747-5794-5836.   Support is at 5721-5676-5624.


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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

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