Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, May 15, 2012

Reigning The Nifty 15th May 2012

Daily Chart

Half Hourly Chart

The lower low lower high candle formation on the daily charts and the falling wedge on half hourly charts continued today.Short term reversal and resistance level is now at 4976-4985.Seems the target of 4725 shown yesterday is achievable.Positive divergence on half hourly oscillators and the oversold daily oscillators may give rise to a pullback which would best be sold into.

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Happy Trading !!
Lakshmi Ramachandran

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