Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, March 28, 2012

Reigning The Nifty 28th March 2012

Daily Chart

A long legged doji showing extreme indecision/confusion. The doji made a higher low and higher high and closed in the upper half of today's as well as yesterday's candle hinting at bullishness. Closed above the 200 dema once again.Having occured in a good support zone it may be indicating a reversal.Stochastics supports a reversal having given a buy after giving a positive divergence.

Half Hourly Chart

Breakout points have been marked on the charts.Bullish 5400 and bearish below 5050.Till the flag support breaks bullish efforts will continue.

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Happy Trading !!
Lakshmi Ramachandran

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