Reigning the Bank Nifty - 31st December 2010

Daily Chart

Lack of upside momentum continues to bug the Bank Nifty bulls.The resistance of 11634 remains unconquered.Strong resistance at the breakout point from the  downtrendline is at 11656. A cross of these two levels is required to get bulls more active. Stop Loss at 11390 for longs.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com