Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, April 1, 2011

Reigning The Nifty - 1st April 2011

Monthly Chart

Bullish candle for the month closing above the resisting trendline.Volumes were very low which makes the rise suspect.

Daily Chart

Half Hourly Chart

A volatile day ending on a bullish note. Support taken on green trendline.The first two resistances mentioned yesterday were taken out easily but  reacted exactly at the last resistance of 5874.The rising wedge has been redrawn to encompass today's high. Resistance at 5891-5920 and Support at 5716-5758.The last half hour's candle was very bullish making the low of today , 5778, an important level to watch as a trend decider.

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Happy Trading !!
Lakshmi Ramachandran

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