Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, August 1, 2011

Reigning The Bank Nifty 1st August 2011

 Daily Chart

An outside day pattern occured taking support at the 61.8%  retracement level of rise from 10340 to 11451.Outside days are one day reversals and in this case,occuring at support, could be signalling a pullback to the fall. Resistance should come at 200dema-10986, 50 dema-11049.Fibonacci resistances at 10925-11026-11105-11186.
Supports at 10340-10018.

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Happy Trading !!
Lakshmi Ramachandran

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