Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, November 6, 2012

Reigning The Nifty 5th November 2012

Half Hourly Chart

Half hourly charts show 5725 area as a strong resistance area with the 61.8% fibonacci level too at 5726.A cross of this level will take Nifty to 5815-5960 levels.
The Nifty has taken support at the 38.2% fibonacci retracement level and broken out of the flag formation which are bullish indications.The gap up made today adds to the bullishness.Once the 5725 levels are crossed Nifty will target higher levels.
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Happy Trading !!

Lakshmi Ramachandran

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