Reigning The Nifty 2nd February 2012

 Daily Chart

 Finally a breakout from the downtrendline drawn from November 2010.Nifty needs to trade above 5226 to avoid a false breakout. Support now at 5156.Oscillators are not showing the same enthusiasam as the Nifty as they have not risen above the level made on Friday last.Half hourly charts too showing negative divergence on oscillators.Keep tight stops on longs.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com