Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Sunday, December 18, 2011

Reigning The Bank Nifty 19th December 2011

 Weekly Chart

Daily Chart

A bearish candle on the weekly breaking below the downward sloping channel and the 50% fibo retracement level of rise from March 2009 lows.This could mean a test a of the 61.8% level at 7120.

Outside day on daily charts.This could be signalling a short term reversal as it is a one day reversal pattern.Watch out for the next candle to see if it does reverse.

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Happy Trading !!
Lakshmi Ramachandran

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