Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, April 26, 2011

Reigning The Nifty - 26th April 2011

 Daily Chart

Half Hourly Chart

The daily candle is a shooting star making a lower high and lower low.This after a doji indicates bears are getting the upper hand slowly but surely.The gap made on the last trading session too was filled which is bearish. The half hourly chart shows another megaphone formed in the last two days action shown in blue.The range is now reduced to 5913-5693. Till a breakout on one side occurs trading will be difficult.

Resisatnce at 5913-5923-5944 and support at  5860-5830-5803.   5803 stop loss for longs.

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Happy Trading !!
Lakshmi Ramachandran

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