Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, February 23, 2010

Reigning The Nifty - 24th February, 2010

 Daily Chart


Half Hourly Chart

  • A lower high lower low small bodied candle resembling a doji showing indecision.
  • Equilateral triangle shown on half hourly charts reiterates confused markets.
  • Foruth day of close below 20 dema making it important for a close above it at 4885 for further bullishness.
  • The uptrending channel still maintained.
  • Oscillators are neutral.
  • Watch out for break from the triangle, upward channel or  inverse head and shoulders for further direction.
Meanwhile hedged longs with approprite stops as per risk profile to continue.

Happy Trading !!

Lakshmi Ramachandran

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