Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, October 17, 2011

Reigning The Bank Nifty 17th October 2011

 Weekly Chart

Last week's anticipation of a rebound on the upside came true.Support on downtrending channel held for the second week.The bullish candle on better than average volumes promises of some more upsides.

Daily Chart

The daily charts formed an outside day which is a one day reversal pattern.So watch out if the Bank Nifty trades below 9526. Resistance at 9715-9962  and Support at 9482-9320.

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Happy Trading !!
Lakshmi Ramachandran

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