Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, March 9, 2011

Reigning the Bank Nifty - 9th March 2011

 Daily Chart

A positive day which missed filling the gap made yesterday by a point. Once again above the 200 dema.    The 5, 10 & 20 dema are also bullishly aligned with each other.The 50 dema is still bullishly aligned with the 200 dema. Macd too has moved into positive territory which is supportive of a further upmove.Volumes were low but breadth 100% positive.

Breakout  from the triangle awaited for more clarity of direction.

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Happy Trading !!
Lakshmi Ramachandran

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