Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, June 23, 2011

Reigning The Bank Nifty 23rd June 2011

Daily Chart

An inside day showing indecision. have redrawn the downtrendline from 11056 which will give resistance at 10602 tomorrow.Strength shown by neither bears no bulls. High and low of yesterday 10645-10426 could hold the key for further direction.

Repeat, Holding or breaking of 10340  to decide the immediate trend.If 10340 holds then 11056 will need to be crosed to confirm the double bottom made at 10340 with a target of  11772. If breaks then the head and shoulder target of 8721 could be achieved.

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Happy Trading !!
Lakshmi Ramachandran

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