Reigning The Bank Nifty 1st November 2012

                                                                       
 

                                                                     Half Hourly Chart

Support taken at the 61.8% fibo level shown in pink and closed above the breakdown level of 11245.The recovery today though, seems to be just a dead cat bounce after yesterday's fall.The fall could resumeif today's low of 11125 and support at 11111 is broken.

Resistance now at 11290-11363-11436.

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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com