Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 6, 2011

Reigning The Nifty 7th July 2011

 Daily Chart

 A lower low lower high candle  in keeping with the negatvie bias.

 Daily Chart II

5605 the important support and therefore trend decider

Half Hourly Chart

 Some more evidence about the importance of 5605 level

The 5605 levels is proving a strong support.  The low volumes on the fall shows aggressive selling is missing.The doji formed today may be indicating bears giving up. Only if the 5605 level is broken the downtrend will resume.

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Happy Trading !!
Lakshmi Ramachandran

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