Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, August 17, 2011

Reigning The Nifty 17th August 2011

 Daily Chart

Right shoulder formed and breaks neckline setting a target of 3900.Coincides with fibo level 61.8% of entire rall from March 2009 which is around 4000.Refer to my earlier charts for intermediate targets.

Half Hourly Chart

The pennant broke down as per it's nature setting a target  of  4600 if the post is calculated from 5433 to 4946.

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Happy Trading !!
Lakshmi Ramachandran

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