Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, July 5, 2012

Reigning The Nifty 4th July 2012

Daily Chart 

Three dojis in a row showing waning upward momentum.Stochastics has turned down in overbought region but still to give a sell with it's signal line.Having made a lower peak a negative divergence has been shown.The Rsi14 and Macd though still look positive.We may therefore expect a pullback which may be bought into.

Half Hourly Chart 

 Half Hourly oscillators showing weakness after negative divergence.Below 5264 support of gap at 5191-5149. Till this holds upmove intact.

Half Hourly Chart

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Happy Trading !!
Lakshmi Ramachandran

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