Daily Chart
A gap down opening keeping with the bearishness of yesterday's
candle.The long upper shadow shows selling at higher levels.The
oscillators have turned down from the overbought level on daily charts
showing weakened upward momentum.
The Bank Nifty is trying to take support between the 50% and 61.85 fibo
levels of the rise from 10183.Only a fall below 10183 will bring downward momentum.Only a break
above 11184 will bring in upward momentum.This thousand point range
should be difficult to trade.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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