Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, February 14, 2011

Reigning The Bank Nifty 14th February 2011

Weekly Chart

Daily Chart

  • Last week's gravestone doji followed by this week's bullish hammer at the same levels cementing strong support.
  • Formation of falling wedge shown in red on daily charts.
  • Bullish engulfing candle on daily charts.
  • Positive divergence seen on daily oscillators.
Reminder : Trend is down and recovery signals should be used to pare  short positions rather than go aggressively long.

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Happy Trading !!
Lakshmi Ramachandran

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