Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, June 27, 2011

Reigning The Bank Nifty 27th June, 2010

Daily Chart

A bullish candle with a gap up opening on good volumes confirming the outside day pattern's reversal signal as mentioned in my post of 24th. (  ). The close was above the 50 dema.The candle also broke above the downtrendline from 11056.This is bullish.
However the 50 and 200 dema are bearishly aligned. Be cautiously bullish.

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Happy Trading !!
Lakshmi Ramachandran

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