Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, August 30, 2011

Reigning The Nifty 30th August 2011

Daily Chart

A good bounce breaking out of the steep downtrendline.The bounce coming after oversold status and positive divergences should carry on for some time.

Daily Chart

The short term 5dema is the only one to have turned up. 10 dema proved resistance at 4929 and is flat. All medium and long term demas falling yet indicating caution on longs.

 Resistance at 4975-5034. Support at 4883-4852-4827-4801.

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Happy Trading !!
Lakshmi Ramachandran

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