Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, April 20, 2011

Reigning the Bank Nifty 20th April 2011

Daily Chart

Lower low and lower high continued for the second day making a tiny dent in the low of 11490 intraday.The megaphone pattern support is at 11462.The short term averages 5 and 10 dema have not signalled a sell yet. Rsi 14 has turned up  above the 50 level. Will the bearish megaphone win or the inveretd head and shoulder?

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Happy Trading !!
Lakshmi Ramachandran

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