Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, September 12, 2012

Reigning The Nifty 12th September 2012

Daily Chart  

Half Hourly Chart 

A pennant formed to show consolidation and a final move up after the Nifty opened gap down giving a target of 5435. 
Resistance came in exactly at the 76.4% retracement level.A rising wedge may be forming on daily charts nd Nifty needs to cross it's resistance line on good volumes to negate it's bearishness.
Negative divergences seen on half hourly charts 

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: