Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, July 5, 2012

Reigning The Bank Nifty 5th July 2012

Daily Chart 

A doji was formed making a higher high and low.Oscillators are showing strength and all daily emas now bullishly aligned with the 50/200 bullish crossover today. Price action though is not very encouraging.The slow rise has the stochastic in overbought region and this may see some pullback.

Half Hourly Chart

Half Hourly Chart 

 Pennant formation which is a continuation pattern indicating more upside. Levels marked on charts.

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Happy Trading !!
Lakshmi Ramachandran

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