Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, May 14, 2011

Reigning the Bank Nifty 13th May, 2011

Daily Chart

 Daily Chart II

The pennant, a continuation pattern indicates  further fall . The Bank Nifty fell hard and broke down from the pennant.Target should be 9665.  This move should break the head and shoulder pattern having neckline around 10677 furthering the target to  9377.

Supports on the way down are at 10756-10677-10546.

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Happy Trading !!
Lakshmi Ramachandran

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