Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, April 1, 2011

Reigning The Bank Nifty - 1st April 2011

 Daily Chart

The first hesitant candle in 7 bullish sessions forming an Outside day, trading both above and below yesterday's trading range. Coming on the heels of a long rally, such volatility could set up a reversal.The cluster of resistances around the highs of today, 11898, makes such a reversal more probable.

Keep a stop of today's lows on longs and a stop of today's highs on shorts.

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Happy Trading !!
Lakshmi Ramachandran

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