Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, May 3, 2010

Reigning The Nifty 4th May,2010

 Daily Chart

 Half Hourly Chart

Sideways market with a downward bias. The uptrendline from 4675 has been decisively broken. However, volumes were very low. Short term emas all bearishly aligned on daily charts. On Half hourly charts all emas are bearishly aligned.  Strong support at 5200 still not violated.

Support at 5200-5150. Resistance at  5278-5295-5315.

Happy Trading !!
Lakshmi Ramachandran

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