Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, June 14, 2011

Reigning The Nifty 14th June, 2011

 Daily Chart

Lower high lower low candle with the real body of the candle below the previous candle's real body showing bias clearly down. Oscillators show weakness indicating more selling to come.However the right shoulder of the inverse head and shoulder pattern is still in contention. A move below 5330 will restart the downtrend and a move above 5605  will kick start a recovery.

Half Hourly Chart

 The previous day's low of 5458 was broken but not for long. The see saw continues to confuse.A break of 5605 or 5330 holds the key.

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Happy Trading !!
Lakshmi Ramachandran

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