Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, July 21, 2011

Reigning The Bank Nifty 21st July 2011

 Daily Chart

Daily Chart II

Bearish engulfing pattern slicing back through the uptrendline from 13304. This is a bearish reversal pattern.The close is below the support line of the rising wedge.Would wait for support on blue uptrendline at 10971 and previous low of 10941 to be taken out before going very bearish.

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Happy Trading !!
Lakshmi Ramachandran

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