Reigning The Bank Nifty 10th August 2012

Daily Chart 

Half Hourly Chart 

The pullback continued. The support at the gap made on the way up at 10427-10316, the 50% Fibonacci level at 10427,61.8% level at 10375  held well. Daily uptrendline has support at 10337 and  should hold well.Only a break below these levels will ring alarm bells of a reversal of the existing bullishness.

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com