Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, March 1, 2011

Reigning the Bank Nifty - 1st March 2011

Monthly Chart

The break down from uptrendline has been maintained decisively with a lower high and lower low candle.Breakout point at 9863-9870 on Line charts , in other words on a monthly closing basis, is still not violated. Till it does so expect sideways to up movement in the months to come.

 Daily Chart

Bearishness persists with the bears successful once again in pushing prices down into the channel after a good breakout intraday.

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Happy Trading !!
Lakshmi Ramachandran

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