Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, July 26, 2011

Reigning The Bank Nifty 26th July 2011

 Daily Chart

The move looks promising with a followup bullish candle today.This is the second continuous day of trade above the downtrendline from 13304 which has failed on earlier breakouts. The close was also above the 61.8% fibo level of fall from 11978 to 10340.

The break above the red pennant promises a move of 1100 points . Support at 11358 needs to hold to  achive this target of  around 12465.

 Resistance at 11451-11673-11978. Support at 11233-11195-11115

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Happy Trading !!
Lakshmi Ramachandran

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