Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, December 5, 2012

Reigning The Nifty 4th December 2012

Daily Chart

Half Hourly Chart
 Nifty showed signs of taking a breather after almost hitting the 5900 mark forming a doji for the day.The doji may be indicating just a breather.
The red pennant formed on the half hourly charts shows consolidation.The last half hour candle broke out of the pennant giving hopes of the upmove continuing towards 5944.If the consolidation continues 5765-5777 should be a good area to take support and resume the uptrend.

 The broad trend is up and pullbacks should be used to buy into the Nifty.

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Happy Trading !!
Lakshmi Ramachandran

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