Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, August 17, 2012

Reigning The Nifty 17th August 2012

Daily Chart 

 Half Hourly Chart 

A down day closing below the previous minor high of 5376  walking back into the strong resistance zone of 5348-5378 thus exhibiting slight weakness.A close below 5365 tomorrow will lead to a break below the pink uptrending channel which may give rise to a bigger pullback.
5305 is fibonacci cluster support and 5294 the previous swing low should be good supports and short term trend deciders.

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Happy Trading !!
Lakshmi Ramachandran  

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