Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, August 2, 2012

Reigning The Nifty 2nd August 2012

Daily Chart 

 Breakout from the recent very short term down trendline retested successfully and maintained.5/20 dema given a buy again with the 20/50, 20/200 dema cross without going into a sell.This shows strength which is supported by oscillators too.

The half hourly charts too show strength with all emas bullishly aligned.Once the gap resistanceat 5267-5306 is taken out bullish momentum should return.

Half Hourly Chart

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Happy Trading !!
Lakshmi Ramachandran

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