Good bullish candle on very good volumes on weekly as well as daily charts giving a breakout from
important downtrendlines shows the bulls are back.The downtrend channel
which was broken out on 3rd February was retested successfully and
seems like the Bank Nifty is on the way to achieve the target of 12700.
Resistances are at previous tops 10782-11226.
Support at 10559-10295-10108
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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