Daily Chart
Half Hourly Chart
Neckline of the inverted head and shoulder was tested and the Bank Nifty closed above it once again.The close was also above the downtrendline from 10560 but the forming of a doji star on daily charts puts a question mark on all such breakouts.
The earlier high made at 10182 which was eagerly watched could not be crossed decisively.The formation of a rising wedge shown on half hourly charts increases the possibility of a fall if the support line is broken.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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