Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 4, 2012

Reigning The Nifty 4th July 2012

Daily Chart

 A second doji puts the bulls on alert of the rising wedge/pennant at a risk of breaking down.Stochastics has reached the overbought region raising the chances of a pullback.

Half Hourly Chart 

So long as the rising wedge support line holds the targets of 5345-5440 is achievable.Half hourly oscillators have started moving up again showing strength.

Buy on dips till 5190 holds.

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Happy Trading !!
Lakshmi Ramachandran

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