Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, March 9, 2012

Reigning The Nifty 9th March 2012

Daily Chart

Yesterday's candle continued withe the fall making a lower high and low closing below the green neckline.Not much change to the technicals.

Half Hourly Chart

The fall below the red neckline continued and the neckline proved good resistance too.Now resistance at 5238-5232.If stays below this then we have a target of 4890.If breaks above it then possibility of the flag breaking out brightens.Resistance at 5335-5311.
Oscillators on half hourly charts showing positive divergence.So a pullback may be due.

Happy Trading !!
Lakshmi Ramachandran

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