Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, March 30, 2011

Reigning The Nifty - 30th March 2011

 Daily Chart

Resistance from the green trendline was taken out very easily with a close above it. Volumes were good and breadth negative. Nifty shares breadth however was positive with a 3:1. This shows more activity in frontline shares only. The broader market needs to start participating to sustain the uptrend.

Half Hourly Chart

Negative divergences and overbought conditions have led to a reaction from the strong resistance of 5770. Supports are at 5720-5670-5609.

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Happy Trading !!
Lakshmi Ramachandran

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