Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, June 29, 2011

Reigning The Nifty 29th June 2011

Daily Chart

Half Hourly Chart

A doji showing indecision which indicates the momentum of the existing trend may be waning. The half hourly chart though shows a breakout from the pennant ( shown in the chart in my Midday post ), indicating the uptrend will continue. The 5605 is key resistance having stalled uptrends twice in the last two attempts.

Till 5593-5605 is crossed decisively sideways to downward movement will continue.Immediate supports are at 5527-5496-5471.

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Happy Trading !!
Lakshmi Ramachandran

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