Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, April 28, 2011

Reigning the Bank Nifty 28th April,2011

Daily Chart

Bearishness ruled as indicated by the hanging man. The Bank Nifty formed  a bearish engulfing pattern  which is a bearish pattern too. However, a higher high and higher low was formed.Negative divergences continue on the daily charts.The range established since the beginning of this month needs to break for any trend to emerge.

Supports and resistances marked on the chart.

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Happy Trading !!
Lakshmi Ramachandran

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