Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, May 14, 2011

Reigning the Bank Nifty 12th May, 2011


 Daily Chart

 Daily Chart II

The lower top at 11213 is now firmly in  place with today's candle unable to cross it and recording a lower bottom.The neckline at 10677 remains crucial level for bulls.The 200 dema has once again been scaled but unimpressively. The falling channel and pennant shown on chart II has resistance at 11120. Support at 10950.The pennant, a continuation pattern indicates  further fall .

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Happy Trading !!
Lakshmi Ramachandran

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