Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, November 12, 2011

Reigning The Nifty 14th November 2011

  Weekly Chart

Daily Chart

Follow up bearish candle on weekly charts.A gap down candle below the green neckline and closing below crucial support of 5202.The short term uptrend seems to be over resulting in yet another lower top at 5399 which will be confirmed on a break below 4720.The 4650-4720 area needs to be protected to avoid a meltdown.

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Happy Trading !!
Lakshmi Ramachandran

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