Reigning The Nifty 28th June, 2011

 Daily Chart

Bullish followup candle on good volumes closing above the 50 dema.200 dema resistance at 5577.Earlier peak at 5605.Till  lower low of 5944 is crossed remaining cautious on longs is prudent.Good resistance at 5693 on the downtrendline from 6338 highs.

Half Hourly Chart

Good support at 5514 made intraday. Staying above this support can see bullish bias else may test 5468-5417.Key support 5375 below which expect downtrend to resume.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com