Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, December 31, 2010

Reigning the Nifty - 31st December 2010

 Daily Chart

 Daily Line Chart

The candle charts followed the line charts in giving a breakout above the double bottom mid point of 6070 giving a target of 6419.Both charts show a close above the 61.8% retracement level of the fall till 5690.All resistances shown yesterday have been scaled. The next hurdle is at 6144.

Half  Hourly Chart

Still encased within the channel. Resistance at 6137-6152  and Support at 6035-6054.

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Happy Trading !!
Lakshmi Ramachandran

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