Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, March 8, 2011

Reigning the Bank Nifty - 8th March 2011

Daily Chart

A gap down opening to confirm the bearishness of the shooting star.Low volumes were not very supportive but breadth was very negative. An equilateral triangle seems to be forming making it difficult to predict the direction of breakout. Triangle resistance is at 11094 and support at 10255 . Trade in the direction of breakout.

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Happy Trading !!
Lakshmi Ramachandran

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