Daily Chart
Half Hourly Chart
The Bank Nifty continued moving up
making a gap at open which was however filled today. The move has been sharp as
shown by the uptrendline on half hourly charts.This makes it vulnerable to a
pullback.gap support at 10316-10427 where also the 50% and 61.8%
retracement levels lie -- shown on chart above -- should prove good
support.
Daily charts show good support at
10293.If held could test the red neckline at 10838 to complete the right
shoulder of the bullish inverted head and shoulder pattern which is forming.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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