Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Tuesday, July 12, 2011

Reigning The Bank Nifty 12th July 2011

Daily Chart

Daily Chart II

 In yesterday's post -- -- I mentioned bearishness which was in full swing today breaking the support line of the small expanding triangle.Break of 11056, the breakout point of the double bottom,  will bring in the bear pack.

Chart II shows the red up trendline from March 2009 lows as stiff resistance. Right shoulder of the head and shoulder pattern could have started forming yet again.

Supports at 11056-11025-10954. Resistance at 11167-11275-11326.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: