Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, July 12, 2009

Reigning The Nifty -Magnified Action -13th July,2009

Half Hourly Chart

Fall in a downward trending channel shown in pink. If breaks below it then target is 3517.
Leg down from 4480 is shaping like a falling wedge shown in red dotted line. If breaks out from this then we could have some upside.

Happy Trading !!

Lakshmi Ramachandran


Manoj Isaac G said...

Hi Ramachandran,

my view is nifty will breach 3300 this week.

And that is the bottom for the short term and there will be a bounce back to 18K in sensex till oct and then a crash.

Sujatha said...

Thanks a ton for this extra charts..

Lakshmi Ramachandran said...

thanks for your comments.
I dont like to predict the future. I prefer to follow price.