Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, September 7, 2011

Reigning The Bank Nifty 7th September 2011

 Daily Chart

Support taken on the downtrendline since last three trading sessions.Today's session formed an Outside Day which are one day reversals. The Bank Nifty was in correction since last two sessions which continued today for a good part of the session. So technically the outside day  should be indicating that the Bank Nifty will move higher.The long lower shadow  of today's candle indicates buying support at lower levels.

The Head and Shoulder target of 8700 is yet to be achieved.

Resistance at 9700-9725-9874  Support at  9525-9364-9313.

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Happy Trading !! 
Lakshmi Ramachandran

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