Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, July 15, 2011

Reigning The Bank Nifty 15th july 2011

 Daily Chart

 The down trendline from 13304 proved strong resistance yet again.Resistance for tomorrow at 11293.With the stochastics turning up from oversold levels the Bank Nifty may attempt to cross the trendline once again.

 Daily Chart II

Close above the 61.8% level of fall from 11451-10941. Test of 11451-475-491 possible if the downtrendline is broken.

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Happy Trading !!
Lakshmi Ramachandran

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