Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, January 12, 2010

Reigning The Nifty - 12th January, 2009


 Half  Hourly Chart




Half Hourly Chart

 



Daily Chart




  •  Nifty still remains in the range of 5242-5310 while moving in a downward sloping channel.. 
  • Half hourly oscillators are weak. The stochastics though has given a buy in the oversold zone.
  • Daily charts show support taken at 23.6 % fibo levels of latest rise from 4943 to 5310.
  • Good support around 5160-5172 levels . 38.2 % fibo level is at 5172.
The "long but  hedged" startegy continues.

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

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