Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, August 25, 2012

Reigning The Nifty 24th August 2012

Daily Chart 

Half Hourly Chart 

Nifty made a higher high and lower low thus making an Outside Day pattern which could lead to a reversal.Negative divergence on OBV and daily oscillaotrs persist.The green wedge shown on half hourly charts was broken and could lead to a test of the low made last Friday at 5342. Support at 5382-5393.

The downtrend channel breakout target of 5440 was achieved today.

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Happy Trading !!

Lakshmi Ramachandran

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