Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, February 22, 2012

Reigning The Bank Nifty 22nd Feb 2012

Daily Chart

The Bank Nifty made a new high for the rally, though by just 4 points, and a higher low for the day.The close was at the highs of the day keeping up with the upward momentum.However the 61.8% level of the entire fall at 11184 could not be overcome.Scaling that will take the Bank Nifty  to 11451-11718-11978.
Only a fall below 10183 will bring in some serious fall.Immediate support at 11013-10780-10690.


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Happy Trading !!
Lakshmi Ramachandran

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