Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, June 28, 2011

Reigning The Bank Nifty 29th June, 2011

Daily Chart

Doji's are signs of waning momentum due to indecision of further direction and thus a threat to the existing trend, which in the short term is UP. The 11056 top is proving good resistance which needs to be crossed to confirm the double bottom made at 10340 with a target of  11772. Else the downtrend could resume.

OBV and the oscillators have crossed their tops corresponding with 11056 increasing the possibility of the level being crossed.

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Happy Trading !!
Lakshmi Ramachandran

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