Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 25, 2012

Reigning The Nifty 25th July 2012

Daily Chart  

Half Hourly Chart 

A pause in the downtrend depicted by a doji.The candle pattern formed is a bullish harami cross which is a bullish reversal pattern. This may lead to the  pullback is due with stochastics in extreme oversold zone and Obv supporting it after showing a minor positive divergence.

Gap resistance at 5164-5205 and 5267-5300 needs to be filled before any bullish calls are made.

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Happy Trading !!
Lakshmi Ramachandran

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