Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, November 9, 2009

Reigning The Nifty --9th November 2009

 Daily Line Chart

Half Hourly Chart

Daily Oscillators have turned up from oversold zone indicating some more upside.Half  hourly charts show a higher low  and  a higher high. Till this trend is reversed and so long as 4560 holds we have a sideways market with an  upward bias.

Resistances and Supports marked on charts.

Stop loss for shorts 4925  Stop loss for longs 4560. In short, between these two levels it is whipsaw time.

Volatility is high so trade safe and with stop losses in place.I would remain neutral till further evidence of direction is available.

Happy Trading !!

Lakshmi Ramachandran

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