Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, March 25, 2011

Reigning the Bank Nifty 25th March 2011

 Daily Chart

The gap up opening  was a good follow up to yesterday's bullish candle.All the Bank Nifty shares closed in the positive.As can be seen on the chart bullish crossovers of  the emas are taking place rapidly. Macd is above the zero line and in buy mode. Rsi14 and stochastics have moved above the 50 level. Also the bank nifty is trading above all the emas.The 10827-10915 area has a cluster of 5,10,20,50 and 200 emas which should offer good support.

Resistances at 11135-11300-11350.   Supports at 11001-10958-10885

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Happy Trading !!
Lakshmi Ramachandran

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