Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/lucksr

Tuesday, July 31, 2012

Reigning The Nifty 31st July 2012



Half Hourly Chart



  • Second gap made on the way down filled but  failed to close above it.
  • Breakout from downtrendline and inverted head and shoulder pattern giving a target of 5272 which is exactly at the first gap resistance of 5267-5306.Yhis may lead to the second gap getting filled.
  • Key to further direction will be the closing above the gap at 5267-5306.
  • Left a gap on the way up today which should work as support.The Till then trade as per support resistances marked


follow me on twitter http://twitter.com/#!/lucksr


Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

No comments: