Daily Chart
Bearish candle closing below the downtrendline from 6338 and below the 200 dema once again proving the bears are still active. The OBV chart shown in yesterday's post ( http://vipreetinvestments.blogspot.com/2011/07/reigning-nifty-26th-july-2011.html) had warned of the same.
Half Hourly Chart
Half hourly charts show the gap between 5541 and 5567 partially filled .If 5541-5534 is broken then should find support at 5497.As shown on daily charts 5555 is crucial support and a break would accelerate the momentum on the downside.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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