Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, March 1, 2011

Reigning the Nifty - 1st March 2011

Monthly Chart

A lower high lower low for the month with the close much lower than the earlier month, making the downtrend decisive. Support at 5205.

Daily Chart

Today's long upper shadow reiterates the dominant  bearish trend. Watch the green upward sloping channel for more clarity.

Half Hourly Chart

 Falling wedge forming with breakout levels around 5475 levels. If fails to breakout then could reach the earlier rising wedge target of 5136.

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Happy Trading !!
Lakshmi Ramachandran

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