Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, August 4, 2011

Reigning The Nifty 4th August 2011



 Daily Chart




Gap down once again leaving the gap uncovered. Close was however at the 61.8% level of rise from 5197 to 5744.Strong supports now at 5350-5259. Stochastics showing slight positive divergence.


 Daily Chart II



 5208 is another strong support.

Half Hourly Chart



Pennant forming indicating continuation of fall.


Half Hourly Chart II


A ray of hope for the bulls from this sharp falling wedge.


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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

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