Reigning The Bank Nifty 16th June, 2011

Daily Chart

Yesterday's breakout proved false and the low made on 13th was violated making a new low after the top of 10056. The right shoulder is forming well and only a cross of 10830 will bring in some recovery. Else the mauve neckline is set to break down.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com