Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, September 14, 2012

Reigning The Nifty 14th September 2012

Daily Chart  

Half Hourly Chart 

Doji formed at resistance - previous top at 5449- raising possibilities of forming a double top. The Nifty needs to scale this level tomorrow else we may be in for some pullback.Resistance is at 5505.

The half hourly charts show a break below the uptrendline for the rally from 5216.But I think the slope is too sharp to give it much importance.Only a fall below 5394 could be awaited before suspecting the uptrend.

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Happy Trading !!
Lakshmi Ramachandran

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