Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, July 12, 2011

Reigning The Nifty 12th July 2011

 Daily Chart

Daily Chart II

A followup bearish candle with a gap down.This is bearish.The expanding triangle shown in chart II supports this view.This could be the right shoulder of the bearish head and shoulder pattern forming.Oscillators too show more fall to come.

 Half Hourly Chart

The half hourly chart showed the bearish rising wedge break on Friday and the continuation today with a target of 5196.

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Happy Trading !!
Lakshmi Ramachandran

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