Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, May 5, 2010

Reigning The Nifty 6th May,2010

 Daily Chart

 Half Hourly Chart

Today's candle was  bearish with a bullish tinge. It broke supports but the long lower shadow  showed good support at lower levels. Till this level holds we may expect some recovery. However the neckline shown in green on half hourly charts  and the neckline on daily line charts shown yesterday has been violated. The trend is now down  as we have a lower high at 5342 and a lower low below 5160.

Sell on rise is the trading mantra until proven otherwise.

Supports and Resistance marked on charts.

Happy Trading !!
Lakshmi Ramachandran


MCX Gold Silver said...

thanks for ur view mem

mas said...

Hello madam,
I am writing first time to you.Your analysis is just too good-very perfect.Can you give analysis for the heavyweights like Reliance,SBI,L&T?
Metastock which version are you using?

Lakshmi Ramachandran said...

i hve metastock professional 7. I will try to analyse those stocks