Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, December 22, 2009

Reigning The Nifty - 23rd December, 2009

Daily Chart

 Half Hourly Chart

A sideways movement  within yesterday's range forming and Inside day on low volumes. Positive divergence spotted on half hourly charts which I had pointed out on the discussion forum . The divergences are intact.Yesterday's lows were not even visited which is a positive and yesterday's highs were not taken out which is indecisive action. The fall from 5181 is in a channel with resistance at 4985 and support at 4882. Scaling the high of last two days around 4998 will be the first step in the right direction  for the bulls.

Fibinacci  resistances  of fall from 5182-4944  are 5003-5035-5062-5090

Supports at 4944-4924-4882-4860-4806

Happy Trading !!

Lakshmi Ramachandran


Anonymous said...

Dear Lakshmi,

Excellent analysis.


ttthakur said...

Perfect levels.
Thanks and Regards.