Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, October 25, 2011

Reigning The Bank Nifty 25th October 2011

 Daily Chart

Daily Chart II

A bearish engulfing candle at resistance taking the Bank Nifty below the 50 dema. The break of the rising wedge too points to bearishness.Break of 9492 will bring in more selling.

But the breakout from the falling wedge still  maintained.The previous high of 9972 however needs to be crossed for further bullishness.

Till then trade light.

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Happy Trading !!
Lakshmi Ramachandran

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