Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, February 8, 2012

Reigning The Nifty 8th February 2012

Daily Chart
A bearish engulfing pattern was formed indicating bearishness.Negative divergence on the Rsi14 reinstates the view.Stochastics has given a sell in the over bought region.

Strong support at 5205-5075-4769.Take partial profits on longs and buy on dips.

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Happy Trading !!
Lakshmi Ramachandran

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