Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, August 4, 2011

Reigning The Nifty 4th August 2011

 Daily Chart

Gap down once again leaving the gap uncovered. Close was however at the 61.8% level of rise from 5197 to 5744.Strong supports now at 5350-5259. Stochastics showing slight positive divergence.

 Daily Chart II

 5208 is another strong support.

Half Hourly Chart

Pennant forming indicating continuation of fall.

Half Hourly Chart II

A ray of hope for the bulls from this sharp falling wedge.

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Happy Trading !!
Lakshmi Ramachandran

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