Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Thursday, June 21, 2012

Reigning The Nifty 21st June 2012

Daily Chart

200 dema proving strong resistance now at 5147.Doji and inability to break out from the bearish engulfing candle's range shows indecision.Redrawn the rising wedge to get more clarity.Daily oscillators supporting a fall.The green neckline shown on half hourly charts proving strong support at 5035-5040 for tomorrow.

200 dema at 5147 remains the first hurdle which needs to be crossed for the upmove to resume.Else the bearish target of the rising wedge is achievable.

Half Hourly Chart

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: