Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, January 16, 2012

Reigning The Nifty 16th January 2012

Weekly Chart

Good followup bullish candle on good volumes.Oscillators supporting the upmove.The uptrendline from October 2008 lows has proved resistance once again.The lower high lower low formation still intact keeping the trend down, yet

Daily Chart

Rising wedge formed in the recent rally. Three dojis formed in a row showing extreme indecision.Stochastics in overbought region.4930-4965-5100 strong resistance area.Caution on longs.

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Happy Trading !!
Lakshmi Ramachandran

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