Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, July 18, 2012

Reigning The Nifty 18th July 2012

Daily Chart 

 The fall continued with bearish candle making a lower high and low.Oscillators are weak and it will be a sell on rise startegy.The oversold stochastics may lead to a small pullback.The falling wedge shown above  is a bullish pattern and should in all probability  breakout on the upside.However the broken rising wedge target of 4750 needs to be kept in mind.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: