Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, May 11, 2011

Reigning The Bank Nifty -11th May 2011

 Daily Chart

Daily Chart II

A lower top at 11213 in place with today's candle making a lower top lower bottom.The neckline at 10677 would be a crucial level for bulls.The 200 dema has once again been violated.Meanwhile the falling channel shown on chart II has resistance at 11145 and support at 10390.Pennant formation which is a continuation pattern indicates a further fall .Support at 10920

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Happy Trading !!
Lakshmi Ramachandran

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