Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, July 2, 2010

Reigning The Nifty 2nd July , 2010

 Daily Chart

 The Nifty has shifted the range a little on the downside to 5206 and range trading will be difficult. The uptrending channel has been broken on the downside projecting more weakness than strength.

Resistances are at  5280-5298-5319. Supports at 5206-5150-5069.

Stops for longs could be placed at 5150 as the area of 5167-5150 should be strong support.

Happy Trading !!
Lakshmi Ramachandran

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