Reigning The Bank Nifty 14th February 2011

Weekly Chart

Daily Chart

• Last week's gravestone doji followed by this week's bullish hammer at the same levels cementing strong support.
• Formation of falling wedge shown in red on daily charts.
• Bullish engulfing candle on daily charts.
• Positive divergence seen on daily oscillators.

Reminder : Trend is down and recovery signals should be used to pare  short positions rather than go aggressively long.


follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com