Daily Chart
An Inside day pattern was formed.This could be a reversal pattern if the high of yesterday's candle at 9976 is crossed and closes above it.A close above the uptrendline from December 2011 lows raises hopes of a reversal.Stochastics is showing signs of moving up too.
A very weak pullback which resisted at the brown lower trendline of the channel from which Bank Nifty broke down yesterday.If maintains below it then can head lower to around 9335.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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