Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 6, 2011

Reigning The Nifty 6th July 2011

 Daily Chart

The Inside day range remained unviolated. The bias though is definitely negative with a lower low lower high candle.Moving averages too all below the 200 dema. Stochastics supporting a pullback.The resistance at the downtrendline is now at 5668. 

Half Hourly Chart

Half hourly charts show sideways correction with  negative bias. The 5605 level is now important support. Other supports marked on the charts.

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Happy Trading !!
Lakshmi Ramachandran

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