Half Hourly Chart
The Bank Nifty made a pullback as expected thereby forming a shooting star which is a bearish candle pattern.I have explained the shooting star many times before and you may read it here http://vipreetinvestments.blogspot.com/search?q=shooting+star. Occuring when the oscillators have turned down from overbought region and price making a rising wedge --shown in red--makes it all the more bearish.
Supports marked on the charts.Holding the uptrendline of the rally around 10400 will keep the bullishness intact.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!