Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Tuesday, November 17, 2009

Reigning The Nifty - 17th November, 2009

 Half Hourly Chart

Daily Chart

Bull candle on average volumes. Held on to the gains made on opening  the entire day,with minor corrections.  The daily stochastics is in sell above the 80 level and has shown a minor negative divergence..Macd though has moved above the zero line and is in buy mode and Rsi14 is showing strength.

Amongst the half hourly oscillators all have shown negative divergence  indicating that the there are chances of a small correction.Remember that we can only be mildly bullish till the highs of 5182 is scaled, nicely depicted on the daily line chart.

Be cautiously long. for targets of 5094-5145.

Happy Trading !!

Lakshmi Ramachandran

No comments: