Reigning The Nifty - 29th September, 2009

 Daily Chart

 The lower top lower bottom continued on good volumes but with the silver lining of having found support at 4785 levels.The 50dema is now proving good resistance and is at 4856 levels. The channel break target of 4750 was almost achieved.The downtrendline of fall from 5182 offers resistance at 4930. Oscillators Rsi14 and Macd have broken their respective August supports and stochastics has reached oversold zone.

Half Hourly Chart

Support and Resistance levels  marked on chart.



Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com