Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 20, 2011

Reigning The Nifty 20th July 2011

 Daily Chart

Daily Chart II

Construction problems ! Of the bearish right shoulder due to opposition by bulls who managed to wrestle control today. Chart II shows a falling wedge supporting the bull camp which was broken on the upside giving a bullish signal and a target of 5836.A trade above 5610  and scaling of the Inside pattern high of 5654  needs to be overcome for further bullishness.Right shoulder construction still in contention.

Half Hourly Chart

Concerted efforts required to scale the resistances marked. Till 5654 is crossed short term trend remains unclear.

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Happy Trading !!
Lakshmi Ramachandran

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