Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, November 16, 2011

Reigning The Nifty 17th November 2011

 Daily Chart

A decisive break below the 50 dema confirmed with continued selling for the second day below it.The minor swing low of 5011 broken paving way for a free fall to the earlier lows of 4720.The down trending channel has support at 4546.

An oversold stochastics may give a pullback which would best be sold into.Last support standing before a freefall  is at 4985.Resistance at 5065-5088-5147-5198.

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Happy Trading !!
Lakshmi Ramachandran

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