Reigning The Nifty 7th September 2012

 Daily Chart  

 A weak pullback with the Nifty staying within yesterday's range . Uptrendline maintained but resisted at the 55 day ema and the downtrendline from 5448.

Stochastics is showing signs of moving up

Only a  move and close above 5305 will bring back the bullishness

 5200-5196 should be strong support and only a fall below this will bring in more selling.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com