Reigning The Bank Nifty 13th August 2012

Weekly Chart 

Daily Chart 

Half Hourly Chart

 Bank Nifty has corrected 61.8% of the rise from 10056 to 10641 and bounced.If holds then we wait for the breakout from 10641 to break out of the consolidation.The huge resistance area of 10640-10675-10782 will be difficult to cross but if successful a good upmove will ensue.

 Immediate trend deciders will be the breakout from 10056-10641 levels.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com