Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, January 4, 2011

Reigning the Nifty - 4th January 2011

 Daily Chart

Consolidation after 3 bullish days on very low volumes.The close was above the resistance of 6144 is heartening.  Obv is in bearish divergence having failed to move above it's corresponding peak with that of the Nifty's 6070. Crossing this peak will confirm the upmove.

Half Hourly Chart

The upper trendline is proving good resistance . Resistance for tomorrow is at 6170-6185 and Support at 6080-6101.

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Happy Trading !!
Lakshmi Ramachandran

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