Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, August 5, 2011

Reigning The Bank Nifty 5th August 2011

 Daily Chart

Bearish engulfing pattern engulfing yesterday's range forming an outside day pattern.As mentioned several times earlier, Outside days are one day reversals and in this case,occuring near major support after a good fall, could be signalling a pullback to the fall.Stochastics in oversold region.

Supports at 10474-10340-10017  Resistance at 10765-10894-10987.

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Happy Trading !!
Lakshmi Ramachandran

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