Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, November 12, 2011

Reigning The Bank Nifty 14th November 2011

 Weekly Chart

Daily Chart

A bearish candle on weekly charts formed breaking below the uptrendline from lows of 8626. The 100 wema is proving good resistance.The minor swing low of 9323 was broken and weekly close was below it confirming a lower high lower low formation once again on daily charts.The larger trend is down and with the short term showing weakness, longs need to be extra cautious till revival signs appear again.

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Happy Trading !!
Lakshmi Ramachandran

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