Reigning The Nifty 1st August 2012

 

Daily Chart 

•  Breakout maintained.
• The long lower shadow shows buying at lower levels.
• Gap at 5267-5300 needs to be scaled for further bullishness.
• The green downtrendline from 5630 highs has resistance at 5305 too.This makes 5305 a significant resistance to contend with.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com