Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, February 3, 2010

Reigning The Nifty - 4th February, 2010

 Daily Chart


Half Hourly Chart

  • Bullish white candle forming an "Inside day".
  • Half hourly oscillators in neutral zone.
  • Daily oscillators are moving up from oversold zone indicating possibilities of some more upside.Movement in a bear flag shown on half hourly charts may cap the upside.
The inside day gives 4951 and 4814 as upside and downside levels for further direction . If fails to breakout beyond these levels then will be difficult trading with a sideways movement.Advance Declines were skewed hugely towards advancing stocks. However volumes were pathetically low.Low of 4766 holds keeping the pullback alive.

Happy Trading !!

Lakshmi Ramachandran

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