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 http://vipreetinvestments.blogspot.com/2011/06/midday-nifty_28.html ), 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
www.vipreetsafetrading.com
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