Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, March 23, 2011

Reigning The Nifty - 23rd March 2011

 Daily Chart

Half Hourly Chart

Stalemate within the 5608-5308 continues.A stabilising activity at the latest green downward moving channel, shown in half hourly charts, seems to be taking shape in a red upward trending channel. Supports on this channel are at 5365-5372 for tomorrrow. One can keep a stop at this trendline for any longs held. Resistance at 5465 which is the 61.8% retracement level of the fall from 5535-5348. 


Is this ominous sharp rising wedge going to give way?

Half Hourly Chart

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Happy Trading !!
Lakshmi Ramachandran

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