Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, October 27, 2012

Reigning The Nifty 26th October 2012

Daily Chart

Half Hourly Chart

Range unresolved.The 50% retracement level seems to be tough resistance and gives a bearish angle.The ascending triangle shown in red gives a bullish angle.Mixed signals as stuck in a range. 
In short a break below 5684 could give a downmove to test 5630 and a break above 5722 an upmove to test 5815.
20 day ema support now at 5667.

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Happy Trading !!

Lakshmi Ramachandran

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