Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, July 27, 2011

Reigning The Nifty 27th July 2011

 Daily Chart

Bearish candle closing below the downtrendline from 6338 and below the 200 dema once again proving the bears are still active. The OBV chart shown in yesterday's post ( had warned of the same.

Half Hourly Chart

Half hourly charts show the gap between 5541 and 5567 partially filled .If 5541-5534 is broken then should find support at 5497.As shown on daily charts 5555 is crucial support and a break would accelerate the momentum on the downside.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: