Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, November 11, 2010

Reigning The Nifty - 11th November, 2010

 Daily Chart

 Today was an  " Inside Day " showing indecision.A break above 6311 or below 6243 is awaited for further direction.

Half Hourly Chart

The breakout from the flag did not show momentum and it was another day of sideways correction. The move from the high of 6338 is sideways and now shows forming an inverted head and shoulder with the neckline around 6305.

Half Hourly Chart II

Chart II shows a descending triangle which is bearish. Support of 6243 must hold to shoo away the bears.

Supports at 6270-6243-6200.Resistance at 6294-6311-6338.

Happy Trading !!
Lakshmi Ramachandran

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