Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, October 19, 2011

Reigning The Nifty 19th October 2011

 Daily Chart

The Nifty had two choices yesterday - to breakout of 5169 or make a U turn to go down again and Nifty chose to make the U turn. The gao down below the 50 dema is surely bearish and a retest of the 4720 lows seems to be the next step.Unless the Nifty wants to surprise us this time otherwise !

The sideways action has made me lazy. Have been usign the same half hourly chart since about 2 months !

Half Hourly Chart

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Happy Trading !!
Lakshmi Ramachandran

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