Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Monday, September 10, 2012

Reigning The Nifty 11th September 2012

Daily Chart

Half Hourly Chart

Nifty failed to hold above the 61.8% retracement level forming a doji pattern on daily charts.The doji after a move signals waning of momentum and a hesitation to carry on the uptrend.

Half hourly charts however show the Nifty corrected in a sideways movement forming a flag.The flag is a bullish continuation pattern and expected to break on the upside.A break and close above today's high of 5375 is required to avoid going down.Supports and resistance marked on charts.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: