Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, September 22, 2011

Reigning The Nifty 22nd September 2011

 Daily Chart

A higher high which failed to sustain. The breakout from the pennant failed too.Now 5143 and 5033 are the trend deciders for the very short term Beyond which 5169-4911 will be the boundries to be crossed for further direction.

Strong  resistances at 5174-5215-5229-5343. Supports at 5110-5078-5019.

Half Hourly Chart

Macd on half hourly charts showing negative divergence.Divergence signals on Macd have worked well in the past.

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Happy Trading !!
Lakshmi Ramachandran

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