Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Monday, July 25, 2011

Reigning The Nifty 25th July 2011

 Daily Chart

Half Hourly Chart

The gap up opening and the gap remaining unfilled gave a bullish feeling .But the move remained below the  high of Wednesday's bearsih candle -5645 and the previous high of 5654.The rising wedge break down too remains valid.Resistance from the downtrendline looms large at 5660.

Half hourly charts shows the sideways action more vividly. Till these resistances of 5545-53-60 is scaled decisively bullishness would return.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: