Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, March 20, 2012

Reigning The Nifty 20th March 2012

Daily Chart
Taken support on the  green trendline and 50 dema and closed above the uptrendline.5 and 20 dema have given a sell.Strong supports at 200 dema -5200, previous low at 5171 and downtrendline from November 2010 --5137.5113  is support on the flag. Break of these supports will signal a downtrending market once again.
Daily Chart 
Half Hourly Chart
 80 % of the move from 5177-5499 retraced which is a bearish sign indicating the low of 5171 may be broken.Strci stop loss of 5100 on longs.

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Happy Trading !!
Lakshmi Ramachandran

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