Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, February 7, 2012

Reigning The Nifty 7th February 2012

 Daily Chart

 The gap up open could not be sustained showing selling at higher levels.The candle formed is a hanging man which is bearish.Appearing at the strong resistance of 5399-5450 makes the appearance more bearish.Rsi14 shows negative divergence as it has not scaled it's earlier high.

Stop loss of 5325 on longs.

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Happy Trading !!
Lakshmi Ramachandran

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