Reigning The Bank Nifty 6th November 2012

 

 

Half Hourly Chart

A pause after the gap up opening of Friday.The support at gap area was well maintained.Daily candle with a long lower shadow indicates buying at lower levels. The sharp rising channel shown on half hourly charts need to be maintained to keep the uptrend going. If broken a  move down or  sideways  may ensue.Till the low made at 11125 is held the uptrend is safe.

Watch for the support of the gap area and the uptrending channel.If holds more upsides if breaks downsides or sideways move

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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com