Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Thursday, August 18, 2011

Reigning The Nifty 18th August 2011

 Daily Chart

The Nifty managed to remain within the pennant leaving traders guessing about the immediate direction which has been sideways since the gap down day.

Half Hourly Chart

The half hourly chart depicts traders frustration with a yo-yo within the triangle.A break from this pattern should set the short term direction. However the trend in the medium term is down and should be kept in mind when initiating longs as per short term signals.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: