Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, November 28, 2012

Reigning The Nifty 27th November 2012




Daily Chart



 Daily Chart


Half Hourly Chart



Nifty continued to be under pressure. The gap area was missed by a point as Nifty made a high of 5649 today.This validates that the gap area of 5650-5660 is strong resistance.The 20 ema too is in this area at 5645.Till these levels are overcome a sustained upmove  will be difficult. 
The uptrendline from June lows is at 5593 and the lasat swing low too is at 5593 making it a strong support . 50 ema is at 5605.Till these supports are held the downmove will not gain momentum.
Levels to watch for further direction are 5650-5660 on the upside and 5605-5593 on the downside.



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Happy Trading !!
 
Lakshmi Ramachandran
www.vipreetsafetrading.com







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