Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 11, 2012

Reigning The Bank Nifty 11th July 2012



Daily Chart 




 Daily Chart




 Half Hourly Chart 




 Half Hourly Chart 




Bank Nifty has proved it's bullish bias by breaking out above the downtrendline aas shown in the second daily chart  and surpassing the target of 10752 as shown on half hourly charts.
The short term charts are also bullish but show that a little caution is needed as per the rising wedge forming alongwith negative divergences.Daily oscillators too in the overbought region.
Refer the second half hourly charts for immediate support resistance and the first chart for a slightly broader targets.
Buy on dips



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

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