Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, October 7, 2011

Reigning The Nifty 7th October 2011

 Daily Chart

4720 held but the red trendline was  violated. The inside day pattern formed shows indecision.Immediate direction will be decided by the high and low of 4th which is 4869-4728.

The falling wedge shown yesterday is still valid.Supports at 4640 and resistance The target of 4040 mentioned in my post of 23rd September seems possible.  ( ).

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Happy Trading !!
Lakshmi Ramachandran

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