Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, June 29, 2011

S&P 500 update 29th June, 2011

 Daily Chart

The candle formed is a marubozu which is bullish as it shows a steady advance ending at the high of the day indicating buyers were in complete control. Bullish breakout from the downtrendline drawn from 1345 strengthens the bullishness.

Resistance now at 1300-1303-1320. Support at 1280-1266-1258.

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Happy Trading !!
Lakshmi Ramachandran

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