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
www.vipreetsafetrading.com
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