Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, July 10, 2012

Reigning The Nifty 10th July 2012

Daily Chart 

The bearish harami remained true to it's character sending the Nifty down by around 60 points.The support on the rising wedge held keeping the bullishness intact.Great efforts required by the bulls to rise above the 5282 levels and close above it to keep the uptrendline intact. If breaks should find support at the gap of 5149-5191.
Oscillators stochastics and Rsi14 have turned down from the overbought region indicating the pullback may continue.

Half Hourly Chart 

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Happy Trading !! 
Lakshmi Ramachandran

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