Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, March 4, 2010

Reigning The Nifty -5th March, 2010

 Daily Chart


Half Hourly Chart

Consolidation day forming a triangle. Daily Macd has moved into positive territory .Nifty closed above the 61.8% retracement for the second day increasing chances of a test of 5310.

Book profits with pattern targets, pointed out earlier, in mind.

Stop loss can be increased to 5050.

Happy Trading !!

Lakshmi Ramachandran


jayrang patel said...

resp madam is it descending triangle in your half hour chaRT,if so then it had bearish implication.

Lakshmi Ramachandran said...

not exactly. so would like to treat it as equilateral