Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, June 1, 2011

Reigning the Bank Nifty 1st June 2011

Daily Chart

Today's candle was a bullish candle on better volumes than the last few days, closing above the 50 and 200 dema and the 38.2% fibo level of the last leg fall from 11978-10340.The 50% is at 11164  and 61.8% at 11357. Bear flag support line which is now resistance is at 11200.

 The stochastics has reached overbought zone which may bring in some pullback to the rise from 10340.

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Happy Trading !!
Lakshmi Ramachandran

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