Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, August 2, 2011

Reigning The Nifty 2nd August 2011

 Daily Chart

Indecisive yet.Positives were a gap up which was only partially filled and a close of the gap down of 28th July. Negatives were the session  resisted at the 200 dema and formed a doji which shows lack of conviction on the upside inspite of the gapup opening.

 Half Hourly Chart

The bear flag continues to form.38.2% of the fall from 5702 has been retraced.the 50% is at 5580 and 61.8% at 5607.The larger trend is down so till 5740 is taken out decisively upmoves may fizzle out sooner or later.

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Happy Trading !!
Lakshmi Ramachandran

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