Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, June 6, 2011

Midday Nifty

 Half  Hourly Chart

The bears failed to capitalise on the double top made at 5597-5605. Bearishness persists but bears seem to be fearful of the bulls having allowed the bulls to make a mild recovery from the morning' weakness.  The right shoulder on an inverse head and shoulder pattern could be in formation with the neckline at 5605.

Till the neckline at 5605 is broken the bears have a good chance of making a comeback. Crossroads once again in the very short term.

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Happy Trading !!
Lakshmi Ramachandran

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