Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, August 24, 2011

Reigning The Nifty 24th August 2011

 Daily Chart

Beaten down Nifty  trying hard to get up. Will need a lot more to get the strength to start an uptrend. The last gap made on  19th which recorded the low of 1796 has been closed. This gives a good chance of rallying upto 5229 which is the high registered on the earlier gap down day on 5th August.

Retracement levels and trendline resistances marked on half hourly chart shown below.

Half Hourly Chart

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Happy Trading !!
Lakshmi Ramachandran

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