Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, September 2, 2011

Reigning The Bank Nifty 2nd September 2011

Monthly Chart

The intermediate trend dow sell signal has been triggered with the low of  10017 being broken decisively.The lower high of 11978 needs to be taken out to shake off the bearishness.

 Daily Chart

Highest close in  the last seven days.The gap up action adds to the short term bullishness.Breakout from the steep downtrending channel would bring in the short term bulls.

Resistance at 9555-9895. Support at 9416-9322.

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Happy Trading !!
Lakshmi Ramachandran

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