Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, August 3, 2011

Reigning The Bank Nifty 3rd August 2011

 Daily Chart

Breaking below the 61.8% fibo level of rise from 10340 to  11451 seems a decisive move  down. Right shoulder forming well. Good support on red uptrendline (which could double up as the neckline) at 10464.
 Stochastics in oversold region. Resistances on a bounce 10902-11000-11148.

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Happy Trading !!
Lakshmi Ramachandran

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