Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, June 4, 2009

Reigning The Nifty - 5th June,2009

Nifty Half Hourly Chart

Nifty Daily Chart

No breakout from Inside Day . Half hourly charts show upward breakout from the triangle. Thus chances of breaking the Inside Day pattern's high at 4586 are higher. If breaks out, then resistance is at 4650-4685.

Support at 4450 has now become strong after today's retest at 4453 forming a double bottom with a target of 4685, though the high of 4586 needs to be crossed. Other support levels are marked on the charts.

The continuous rise is tiring everyone who is waiting for a fall. Don't get too tired and jump into this speeding markets. If you have to, then do so with a proper strategy. Else wait for the elusive fall.

Happy Trading !!

Lakshmi Ramachandran


வைகரைதென்றல் (vaigaraithenral ) said...

very nice

Thank u :)

please remove the word verification

sakthi said...

good mng and very good picture definitions sir ,very useful