Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, July 29, 2011

Midday Nifty

Half Hourly Chart

Hovering around the 50% fibo level of rise from 5196 to 5740. If holds then a good level to rally from so could get a sustainable rally. The gap still partially filled only. A bear flag seems to be forming with resistance at 5530-5534  and  support at 5470-5478.If breaks this support then the downtrend resumes. If breaks the resistance then the gap needs to be filled first to be able to rally.

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Happy Trading !!
Lakshmi Ramachandran

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