Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, July 3, 2012

Reigning The Nifty 3rd July 2012

Daily Chart

A poor followup to Friday's bullish candle.In fact the doji formed makes the bull in me nervous about the upmove continuing.Keep a tight stop loss at the support line of the rising wedge.Oscillators though show more room for an upside.

Half Hourly Chart

Minor negative divergences in the overbought region shown by the oscillators on half hourly charts.Rising wedge too threatening.If support line holds then the target of 5346 may be achieved . keep tight stop at 5169-5187 for the day.

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Happy Trading !!
Lakshmi Ramachandran

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