Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, May 8, 2012

Reigning The Nifty 8th May 2012

Daily Chart

Half Hourly Chart

A good bounce from the  55% retracement area.triangle target of 5000 achieved.Close of opening gap was a bullish sign.Pullback will face resistance in the 5135-5170 area which is the 50 and 61.8% fibo levels as marked on half hourly charts.The green neckline of the head and shoulder bearish formation too is around the 5135-5140 levels.
Pennant formation still valid.

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Happy Trading !!
Lakshmi Ramachandran

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