Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, December 2, 2009

Reigning The Nifty - 1st December, 2009

Being cautiously bullish paid off. However 5138-5182  still needs to be crossed .

Half Hourly Chart

 Daily Line chart shows successful crossing of 5108. Next targets on closing basis are 5142-5228

Daily Line Chart

Nifty has managed to successfully  stay above the neckline of the inverse head and shoulders shown in green.A breakout above the neckline  and then a successful test in textbook fashion. Thus only a move below 4650-4560 will be bearish. Obv chart shown yesterday supports this bullish view.

Happy Trading !!

Lakshmi Ramachandran

No comments: