Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Friday, April 29, 2011

Reigning the Nifty 29th April,2011

 Daily Chart

Bearish candle taking support on the green trendline .Support on this trendline is at 5780.The 5 and 10 dema cross has given a sell.Close was below the 20 dema.The 50 dema has support at 5706 and 200 dema at 5630.

Half Hourly Chart

Support taken exactly at the 61.8% level of rise from 5693 to 5913.The breakdown from the pink triangle gives a target of around 5600. The inverse head and shoulders could still be forming. Supports and Resistances marked on the charts.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: