Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, July 31, 2012

Reigning The Nifty 31st July 2012

Half Hourly Chart

  • Second gap made on the way down filled but  failed to close above it.
  • Breakout from downtrendline and inverted head and shoulder pattern giving a target of 5272 which is exactly at the first gap resistance of 5267-5306.Yhis may lead to the second gap getting filled.
  • Key to further direction will be the closing above the gap at 5267-5306.
  • Left a gap on the way up today which should work as support.The Till then trade as per support resistances marked

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Happy Trading !!
Lakshmi Ramachandran

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