Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Thursday, April 21, 2011

Reigning the Bank Nifty 21st April 2011

Daily Chart

A gap up opening with the day's candle closing above the 61.8% fibo level of the fall till 11482. A higher high and higher low turns the bias up. The megaphone pattern support is at 11450 and resisatnce at 11983.  The toss between the bearish megaphone win or the inveretd head and shoulder  remains unresolved.

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Happy Trading !!
Lakshmi Ramachandran

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