Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, February 9, 2011

Reigning the Nifty - 9th February 2011

 Daily Chart

Daily Chart II

Half Hourly Chart

The head and shoulder pattern target of 5230 is fast approching. The tiny head and shouler pattern pointed out yesterday has a target of 5237. The support on the falling wedge is at 5233 for the last hald hour. The area has several supports as shown on the daily Charts.This is strong support area. So if it fails then 4786 is imminent.4782 is the 38.2% retracement level of the entire rise from 2525.

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Happy Trading !!
Lakshmi Ramachandran

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