Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, December 7, 2009

Reigning The Nifty - 8th December, 2009

Half Hourly Chart

Daily Chart

Daily Line Chart

  • Support taken on lower trendline of sloping channel shown on half hourly charts. 
  • Third consecutive day of lower top lower bottom on daily charts.
  • Line charts show a lower top and has helped in keeping in mind that the breakdown target of 3850 is still valid.
  • Closing below 4942 will be  indication of  further weakness.
  • Daily oscillators too have been weak through the rise from 4538.
  • Supports marked on charts for reference.
 Trade short  with stop loss as per risk profile

Happy Trading !!

Lakshmi Ramachandran

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