Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Thursday, May 5, 2011

Reigning The Nifty - 5th May 2011

Daily Chart

Technicals work and how!  The fall continued and took support exactly at support of 5503 mentioned in my post on 2nd May. Profit booking and enthusiastic bulls arrested the selling beyond this crucial support. If this support holds then resistance will be at 5610-5673-5725-5777. Supports now at 5475-5425-5348.

Half Hourly Chart

Weakness persists with all attempts at a recovery beyond the opening high failed to hold.Support at 5497-5504 and strong supports at 5335-5348.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: