Reigning The Nifty - 18th November , 2009

Daily Chart

Sideways movement forming a doji  on low volumes which was expected due to negative divergence as mentioned yesterday. The rising channel is intact and so is the rising wedge shown in red. Not much change in oscillators too compared to yesterday.

Half Hourly Chart

Trade long cautiously for the earlier mentioned targets shown on charts.If fails to cross today's high then could result in further sideways move . If breaks down from channel then a downmove could ensue.


Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com