Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, November 2, 2012

Reigning The Nifty 1st November 2012

Half Hourly Chart

Today seemed a pullback to yetserday's fall. However ,support has been taken at the 38.2%  retracement level of 5586, marked on half hourly chart, is a bullish sign. Till today's bottom of 5583 holds the pullback could continue.A move above the breakdown level of 5630 will prove the break to be false.

However,only a move and close above 5725 resistance will indicate resumption of the uptrend. 

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Happy Trading !!

Lakshmi Ramachandran

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