Daily Chart
The uptrend continues . Breadth was just 2:1 and volumes average.
Resistances at 116876-11912-12067.Supports at 11507-11348-11268.
Daily Chart II
The bank Nifty could be moving in an upward moving channel. So long as the support line remains unviolated the upmove could continue. The correction having arrested above the 38.2% fibo level adds strength to the view. Support on the channel now at 10490.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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