Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Friday, June 10, 2011

Reigning The Nifty - 10th June, 2011

Daily Chart

Lacklustre movement on extremely low volumes.The right shoulder still forming. Resistance at 5550 as shown on the chart and  50dema -5567 and 200 dema -5600.

Daily Chart II

Half Hourly Chart

The diamond pattern broke out on the downside but bears have not capitalised on it. Meanwhile sighted  a pennant which is a  consolidation pattern. An upward breakout therefore is more likely in this case. Resistance marked on charts. Crossroads once again.Trade in the direction of breakout.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: