Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, December 10, 2009

Reigning The Nifty - 10th December, 2009

Daily Chart

Daily Line Chart


False breakout above 5142 on line charts. Nifty has broken the dashed  uptrendline on line charts. This trendline on candlecharts offers support at 4936.

Daily Chart

Obv shows negative divergence and has crossed below the recent low made on 7th December. Corresponding low of Nifty is at 5051.

If trades below 5090 and breaks 5050 then should find support at  4936.

Happy Trading !!

Lakshmi Ramachandran

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