Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, January 25, 2012

Reigning The Nifty 25th January 2012

 Daily Chart

Bullish candle breaking resistance of previous peak and downtrendline from 5399 easily.The 200 dema however could not be conquered on a closing basis.Strong resistances at the green neckline at 5225 and at the downtrendline at 5250.Stochastics and Rsi14 are in the overbought zone making the Nifty vulnerable to a correction.

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Happy Trading !!
Lakshmi Ramachandran

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