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. ( http://vipreetinvestments.blogspot.com/2011/06/reigning-bank-nifty-24th-june-2011.html ). 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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