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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Lakshmi Ramachandran
www.vipreetsafetrading.com
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