Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, April 15, 2011

Reigning the Bank Nifty - 15th April 2011

 Daily Chart

The range of 11898-11540 was violated on the downside but bears could not take advantage of it. On the other hand the bulls took advantge of the correction to post a huge bullish candle erasing almost the entire loss. The resistance of 11898 -11912 needs to be crossed to  break the neckline of the bullish head and shoulder shown below. The move could be a whopping 1900 points!!!!

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Happy Trading !!
Lakshmi Ramachandran

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