Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, July 1, 2010

Reigning The Nifty - 1st July , 2010


 Daily Chart

Nifty took support exactly at the level of 5210 mentioned yesterday. The uptrendline has been maintained on a closing basis though intraday it was broken .Daily oscillators have turned up without reaching the oversold zone which is a sign of strength.The nifty has recovered and moved above the 61.8% fibo level of fall from 5367-5210. This shows that  nifty has strength to target 5367 and above that 5400.

Support at 5295-5277-5260.  Resistance at 5324-5339-5350-5367.

Happy Trading !!
Lakshmi Ramachandran

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