Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, September 16, 2011

Reigning The Bank Nifty 16th September 2011

 Daily Chart

An up day making a higher high higher low candle.The inside day was decisively broken on the upside.The gap made on Monday the 12th was filled. This points to some bullishness.Breaking the downtrendline at 9755 will give more energy to the bulls.However we need to wait for a cross of the previous high at 9972 for solid evidence that a short term rally has started.

The Bullish Wedge 

Resistance at 9732-9972-10107  Supports at 9605-9542-9494-9440.

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Happy Trading !!
Lakshmi Ramachandran

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