Daily Chart
Support came in exactly at 10617 shown on chart II in yesterday's post. You may view it here http://vipreetinvestments.blogspot.com/2011/06/reigning-bank-nifty-13th-june-2011.html . Support on the short term trendline is now at 10605.
The death cross finally occured with the 50 dema moving below the 200 dema. A lower high lower low candle was maintained keeping the downward bias intact.Weakness shown with trade all day under the green neckline. Support available at 10390 on the mauve coloured neckline and 10340 the previous low.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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