Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, March 25, 2011

Reigning The Nifty - 25th March 2011

 Daily Chart

Half Hourly Chart

A bullish follow up with a gap up opening scaling the down trending trendlines easily. 50dema at 5538.50 and 200 dema 5583.75 still remain resistances. Other resistances to be broken to succeed in confirming the double bottom are at 5535-5563-5608.  I would prefer to calculate pattern targets only when these resistances are taken out.

Supports on the short term uptrendline is at 5494-5533 for the day.

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Happy Trading !!
Lakshmi Ramachandran

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