Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, March 30, 2011

Reigning the Bank Nifty 30th March 2011

 Daily Chart

The uptrend continues . Breadth was just 2:1 and volumes average. 
Resistances at 116876-11912-12067.Supports at 11507-11348-11268.

Daily Chart II

The bank Nifty could be moving in an upward moving channel. So long as the support line remains unviolated the upmove could continue. The correction having arrested above the 38.2% fibo level adds strength to the view. Support on the channel now at 10490.

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Happy Trading !!
Lakshmi Ramachandran

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