Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, April 5, 2011

Reigning The Nifty - 5th April 2011

 Daily Chart

The breakout from the "Inside Day" was on the upside. The 50 and 200 dema are now bullishly aligned signalling the medium term "bullish". With this all the demas are now bullishly aligned. Strong resistance at 5926. Support now comes at 5880-5830 which were intraday consolidation points.

Half Hourly Chart 

The rising wedge resistance is at 5950-5979 and support at 5780-5820. Negative divergence seen on the Oscillators.

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Happy Trading !!
Lakshmi Ramachandran

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