Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 11, 2012

Reigning The Nifty 11th July 2012




Daily Chart 


Daily Chart 


 

Half Hourly Chart 



 Half Hourly Chart 




 Nifty has proved it's bullish bias by shaking out  the bears and surpassing the target of 5346 as shown on half hourly charts..Breakout from the downtrendline as shown in the second daily chart  is however pending unlike the Bank Nifty.
A little caution is needed as per the rising wedge forming alongwith negative divergences shown on daily stochastics and half hourly stochastics and Rsi14.Daily oscillators too in the overbought region can trigger a pullback.
Buy on dips.




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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

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