Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, May 3, 2011

Reigning The Nifty - 3rd May 2011

Daily Chart

A lower low made at 5687 . Closed below the 50 dema and the 5 moved below the 20 dema. This fall could target  5400. The lower end of the dotted expanding triangle , the green channel support line and the red support line drawn from September 15th all coincide around these levels.

Half Hourly Chart

The pink triangle breakout target is at  5595. 61.8% fibo level of rise from 5348 is at 5575 and 161.8% level of rise from 5693 to 5913 is at 5556.Expect a good support around these levels.

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Happy Trading !!
Lakshmi Ramachandran

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