Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, June 14, 2012

Reigning The Nifty 14th June 2012

 Daily Chart

Daily Chart II

Doji at 200 dema resistance and previous low of 5136 marked on chart II.The three bullish candles made in this rally shows buying interest after small periods of consolidation.If the doji marks another day of consolidation and the breakout from the channel is maintained the Nifty will reach the target of 5435. 
200 dema at 5149 needs to be taken out before that.

Half Hourly Chart

 The rising wedge support and resistance levels are marked on the charts which will be good short term stop loss / stop profit levels.

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Happy Trading !!
Lakshmi Ramachandran

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