Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, October 25, 2011

Reigning The Nifty 25th October 2011

 Daily Chart

The stalemate continues.The pennant formation since the last week points to a continuation of the short term uptrend.The 5 dema has successfully crossed the 20 and 50 dema bullishly. 

Half Hourly Chart

Double top at 5169-5160 or double bottom at 4720-4728? The stalemate continues to puzzle.The pennant shows somepromise of an upward breakout but one can never say till it really does so.A break of 5011-5050 levels will turn the tables on the bulls.

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Happy Trading !!
Lakshmi Ramachandran

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