Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, September 22, 2010

Reigning The Nifty 22nd September , 2010

Daily Chart

Daily Chart II

6000 conquered but not all sectors participated. Breadth was negative.Volumes were good but declining volumes more than advancing.The nifty is highly overbought with a straight upmove of  700 points from the low of 5350. Booking partial profits or hedging one's portfolio would be prudent.

Pattern targets are shown on chart II.

Resistance is at 6033-6055-6200  and   Support at  5962-5935-5905.

Happy Trading !!
Lakshmi Ramachandran

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