Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, June 9, 2011

Reigning the Bank Nifty 9th June, 2011

Daily Chart

The lacklustre , one day up - one day down trade within  the range of 10946-10682 continued today. immediate resistance at 10860 and support at 10753. The gap down area made on the 2nd of June  proves good resistance. The 10860-11056 area is a  strong resistance area with the 200 dema and the 50 dema housed within it at 10970 and 10983 respectively. Unless this resistance area is crossed decisively chances of the downtrend resuming is high.

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Happy Trading !!
Lakshmi Ramachandran

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