Reigning The Nifty 29th July 2011

 Daily Chart

Gap down and forming a doji.Follow up selling was missing.This may have been due to the shock effect of the gap down. Supports now at 5468-5403-5350.

 Half Hourly Chart

Key support 5497 was broken but not decisively. Bulls defended the level all through the day but the bears won finally to close below the level.Till the gap between 5512 and 5547 is not filled the right shoulder construction will continue.


follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com