Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, October 19, 2011

Reigning The Bank Nifty 19th October 2011

 Daily Chart

A hanging man following the doji is bearish. The gap down opening adds to the bearishness. The pattern is also a bearish island reversal. Till the high of 9972 the low of 8626 is not broken decisively the range bound moves will continue to frustrate.

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Happy Trading !!
Lakshmi Ramachandran

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