Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, November 18, 2009

Reigning The Nifty - 19th November, 2009

 Daily Line Chart

Half Hourly Chart

Sideways movement within a 40 point range forming a doji  second day in a row. Moved below  rising channel in half hourly charts. Must trade above 5062 for further rise.Else could test 5010 again. Break of this level  will give momentum to the downmove.

Line charts shows direction is clearly down till high of 5142 is taken out.So be cautious on your long positions.

Happy Trading !!

Lakshmi Ramachandran

1 comment:

Sujatha said...

You mastered the art when to post line chart, candle chart, bar chart etc.,

Yes, it's very useful and fruitful.
My personal opinion is if the person is having bit commensense they can catch the point and right time with the help of your charts.

Thanks and regards